$8,900,000
7,602 SqFt
5 Beds
•5 Full Baths, 2 Partial
Fiona Parish King, Listing Office: Fridrich & Clark Realty
Is West Meade, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Meade was a Seller's Market.
Key Takeaway
West Meade is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Meade, TN
How much do homes in West Meade, TN cost?
Median Sold Price
$1,192,500
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-0.6%)
Key Takeaway
Homes in West Meade have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in West Meade was $1,192,500 in November 2024, down 0.6% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $820K | $715K | -12.8% |
| 3 Bedrooms | $805K | $775K | -3.7% |
| 4 Bedrooms | $1.1M | $1.1M | +6.7% |
| 5+ Bedrooms | $2.1M | $2.8M | +33.3% |
Summary: West Meade housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Eagle Ridge at the Reserve | $449.2K | $455K | +1.3% |
| West Meade | $1.2M | $1.1M | -0.6% |
Housing Supply in West Meade, TN
How many homes are available in West Meade, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The West Meade real estate market had 43 homes for sale in November 2024, a 13.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The West Meade housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Meade, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Meade in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Meade, TN
How long does it take to sell a home in West Meade, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 46 Days | -3.3% |
Summary: Homes in West Meade had an average of 46 days on market in Nov 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Meade has remained consistent over time.
Summary: During November 2024, 7 homes were sold in West Meade; 29% of homes were sold within 30 days, 71% 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.