Is Mount Juliet, 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, Mount Juliet has remained a Seller's Market.
Housing Prices in Mount Juliet, TN
How much do homes in Mount Juliet, TN cost?
Median Sold Price
$549,935
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Juliet was $549,935 in May 2024, up 1.2% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $232.5K | -25.0% |
2 Bedrooms | $345.5K | $401.5K | +16.2% |
3 Bedrooms | $449.9K | $463K | +2.9% |
4 Bedrooms | $623.5K | $599.9K | -3.8% |
5+ Bedrooms | $699.3K | $699.9K | 0.1% |
Summary: Mount Juliet housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
Lebanon | $374.9K | $420K | +12.0% |
Hermitage | $411.1K | $423.9K | +3.1% |
Old Hickory | $375K | $385K | +2.7% |
Mount Juliet | $543.3K | $549.9K | +1.2% |
Housing Supply in Mount Juliet, TN
How many homes are available in Mount Juliet, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
381 | 415 | +8.9% |
Summary: The Mount Juliet real estate market had 415 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 148 | 168 | +13.5% |
4 Bedrooms | 157 | 173 | +10.2% |
5+ Bedrooms | 48 | 46 | -4.2% |
Summary: The Mount Juliet housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 93 | +8.1% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Mount Juliet in May 2024, up by 8.1% month-over-month. Of the 92 sold homes, 52% were sold under asking, 34% were sold at asking, and 14% were sold over asking.
Days on Market for Mount Juliet, TN
How long does it take to sell a home in Mount Juliet, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 22 Days | -4.3% |
Summary: Homes in Mount Juliet had an average of 22 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 93 homes were sold in Mount Juliet; 78% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.