Is Green Hills / Midtown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Green Hills / Midtown has remained a Seller's Market.
Housing Prices in Green Hills / Midtown, TN
How much do homes in Green Hills / Midtown, TN cost?
Median Sold Price
$997,650
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Green Hills / Midtown was $997,650 in May 2024, up 4.4% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $320K | -15.8% |
2 Bedrooms | $599.9K | $520K | -13.3% |
3 Bedrooms | $875.6K | $895.5K | +2.3% |
4 Bedrooms | $1.3M | $1.4M | +6.5% |
5+ Bedrooms | $2.3M | $2.3M | +0.7% |
Summary: Green Hills / Midtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in Green Hills / Midtown, TN
How many homes are available in Green Hills / Midtown, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
825 | 885 | +7.3% |
Summary: The Green Hills / Midtown real estate market had 885 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 89 | 104 | +16.9% |
2 Bedrooms | 137 | 160 | +16.8% |
3 Bedrooms | 169 | 180 | +6.5% |
4 Bedrooms | 221 | 215 | -2.7% |
5+ Bedrooms | 209 | 226 | +8.1% |
Summary: The Green Hills / Midtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
130 | 155 | +19.2% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 155 homes were sold or pending in Green Hills / Midtown in May 2024, up by 19.2% month-over-month. Of the 155 sold homes, 68% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Green Hills / Midtown, TN
How long does it take to sell a home in Green Hills / Midtown, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 29 Days | +29.7% |
Summary: Homes in Green Hills / Midtown had an average of 29 days on market in May 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 155 homes were sold in Green Hills / Midtown; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.