Is Walden / Mowbray / Flat Top Mountain, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walden / Mowbray / Flat Top Mountain is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Walden / Mowbray / Flat Top Mountain was a Neutral Market.

Key Takeaway

Walden / Mowbray / Flat Top Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Walden / Mowbray / Flat Top Mountain, TN

How much do homes in Walden / Mowbray / Flat Top Mountain, TN cost?

Median Sold Price

$712,262

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$62,262(+9.6%)

Key Takeaway

Homes in Walden / Mowbray / Flat Top Mountain have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Walden / Mowbray / Flat Top Mountain was $712,262 in December 2024, up 9.6% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $510K-
N/A
2 $325K$350K
+7.7%
3 $472.5K$465.3K
-1.5%
4 $785.9K$875K
+11.3%
5+ $899.9K$983K
+9.2%

Summary: Walden / Mowbray / Flat Top Mountain housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Neighborhoods

Bakewell
+16.3%
Walden / Mowbray / Flat Top Mountain
+9.6%
Falling Water / Browntown
+4.5%
Mountain Creek / Moccasin Bend
-7.2%

Housing Supply in Walden / Mowbray / Flat Top Mountain, TN

How many homes are available in Walden / Mowbray / Flat Top Mountain, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9585-10.5%

Summary: The Walden / Mowbray / Flat Top Mountain real estate market had 85 homes for sale in December 2024, a 10.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 44
0.0%
3 3428
-17.6%
4 4140
-2.4%
5+ 1411
-21.4%

Summary: The Walden / Mowbray / Flat Top Mountain housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2124+14.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walden / Mowbray / Flat Top Mountain, you may be able to get a good deal. 79.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Walden / Mowbray / Flat Top Mountain in December 2024, up by 14.3% month-over-month. Of the 24 sold homes, 79% were sold under asking, 13% were sold at asking, and 8% were sold over asking.

Days on Market for Walden / Mowbray / Flat Top Mountain, TN

How long does it take to sell a home in Walden / Mowbray / Flat Top Mountain, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
13 Days72 Days+428.2%

Summary: Homes in Walden / Mowbray / Flat Top Mountain had an average of 72 days on market in Dec 2024, up by 428.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Walden / Mowbray / Flat Top Mountain has remained consistent over time.

Summary: During December 2024, 24 homes were sold in Walden / Mowbray / Flat Top Mountain; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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