Is Westview / Mountain Shadows, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westview / Mountain Shadows is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Westview / Mountain Shadows was a Seller's Market.

Key Takeaway

Westview / Mountain Shadows 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 Westview / Mountain Shadows, TN

How much do homes in Westview / Mountain Shadows, TN cost?

Median Sold Price

$409,950

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,950(+2.5%)

Key Takeaway

Homes in Westview / Mountain Shadows have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Westview / Mountain Shadows was $409,950 in November 2024, up 2.5% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$164K
+9.3%
2 $300K$345K
+15.0%
3 $361K$375K
+3.9%
4 $449.9K$477.7K
+6.2%
5+ $605K$618K
+2.1%

Summary: Westview / Mountain Shadows housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.1%.

Housing Supply in Westview / Mountain Shadows, TN

How many homes are available in Westview / Mountain Shadows, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6473+14.1%

Summary: The Westview / Mountain Shadows real estate market had 73 homes for sale in November 2024, a 14.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 73
-57.1%
3 1826
+44.4%
4 2730
+11.1%
5+ 1214
+16.7%

Summary: The Westview / Mountain Shadows 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 decreased by 57.1%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westview / Mountain Shadows, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Westview / Mountain Shadows in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 25% were sold under asking, 58% were sold at asking, and 17% were sold over asking.

Days on Market for Westview / Mountain Shadows, TN

How long does it take to sell a home in Westview / Mountain Shadows, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days72 Days+85.5%

Summary: Homes in Westview / Mountain Shadows had an average of 72 days on market in Nov 2024, up by 85.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westview / Mountain Shadows are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Westview / Mountain Shadows; 17% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

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