$2,791 Closing Credit*
$235,000
1,825 SqFt
4 Beds
•2 Full Baths
Jeff Winningham, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Woodlawn, 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, Woodlawn was a Seller's Market.
Key Takeaway
Woodlawn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodlawn, TN
How much do homes in Woodlawn, TN cost?
Median Sold Price
$335,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,000(+8.8%)
Key Takeaway
Homes in Woodlawn have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Woodlawn was $335,000 in November 2024, up 8.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221.2K | $236.4K | +6.9% |
| 3 Bedrooms | $310K | $302.5K | -2.4% |
| 4 Bedrooms | $335K | $465K | +38.8% |
| 5+ Bedrooms | - | $545.9K | N/A |
Summary: Woodlawn 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 increased by 6.9%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes did not change.
Housing Supply in Woodlawn, TN
How many homes are available in Woodlawn, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Summary: The Woodlawn real estate market had 22 homes for sale in November 2024, a 37.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodlawn 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 increased by 45.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodlawn, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Woodlawn in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Woodlawn, TN
How long does it take to sell a home in Woodlawn, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 117 Days | +133.0% |
Summary: Homes in Woodlawn had an average of 117 days on market in Nov 2024, up by 133% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Woodlawn are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Woodlawn; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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.