$8,016 Closing Credit*
$675,000
655 SqFt
1 Bed
•1 Full Bath
Jodi Griffey, Listing Office: BLK Dog Realty, LLC
Is Sylvan Park, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sylvan Park has remained a Seller's Market.
Key Takeaway
Sylvan Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylvan Park, TN
How much do homes in Sylvan Park, TN cost?
Median Sold Price
$950,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,000(+4.7%)
Key Takeaway
Homes in Sylvan Park have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Sylvan Park was $950,000 in October 2024, up 4.7% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $321.7K | $344.9K | +7.2% |
| 2 Bedrooms | $489.5K | $592.5K | +21.0% |
| 3 Bedrooms | $820K | $832.5K | +1.5% |
| 4 Bedrooms | $1.3M | $1.4M | +6.2% |
| 5+ Bedrooms | $1.5M | $1.8M | +18.3% |
Summary: Sylvan Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 18.3%.
Housing Supply in Sylvan Park, TN
How many homes are available in Sylvan Park, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The Sylvan Park real estate market had 35 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Sylvan Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvan Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sylvan Park in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Sylvan Park, TN
How long does it take to sell a home in Sylvan Park, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -34.9% |
Summary: Homes in Sylvan Park had an average of 10 days on market in Oct 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sylvan Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Sylvan Park; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.