Is Green Hills / Midtown, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Green Hills / Midtown is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Green Hills / Midtown has remained a Seller's Market.

Key Takeaway

Green Hills / Midtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$41,721(+4.4%)

Key Takeaway

Homes in Green Hills / Midtown have sold for 4.4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $380K$320K
-15.8%
2 $599.9K$520K
-13.3%
3 $875.6K$895.5K
+2.3%
4 $1.3M$1.4M
+6.5%
5+ $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 2024May 2024CHANGE
825885+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

# BEDSApr 2024May 2024CHANGE
1 89104
+16.9%
2 137160
+16.8%
3 169180
+6.5%
4 221215
-2.7%
5+ 209226
+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 2024May 2024CHANGE
130155+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Hills / Midtown, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

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 2023May 2024CHANGE
22 Days29 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Green Hills / Midtown are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

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