Home sales statistics were compiled for 2010 through 2017 for Arrington, TN. The Median Sale Price, Sales Volume and Median Days on Market were charted to see how these indicators have changed as our local homes values have appreciated year over year. The median price for single family homes in Arrington during 2017 was $665,000. The median sale price has increased 7% since 2016, 7% since 2015 and 22% since 2014!
The total home sales volume in Arrington, TN for 2017 was 61. The total number of homes sold was the same in 2016 and 2017. There was a 30% increase from 2015 to 2017. The units sold increased by 33% from 2014 to 2017. It is likely that the decline in sales in the past couple of years was due to low inventory of homes for sale. The demand has been much higher than the quantity of available properties in many price ranges.
The median days on market for single family homes in Arrington has experienced the most drastic change in the past few years. The median days on market was just 50 days in 2017 and 53 days in 2016. By contrast, the median days on market was 89 in 2011. Homes are selling faster and for a higher price than they have in recent history!
About 79% of Arrington’s home sales in 2017 were either new homes or those built within the last 5 years.
In 2017, the highest month for closings was August with 10 closed homes. The lowest monthly sales occurred in June at 2. It should be noted that the completion and closing of homes in Arrington is largely dependent on the construction schedule since the majority of the closed sales are new construction.
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9175 Carothers Pkwy. Ste. 110, Franklin, TN 37067
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Statistics are based on closed sales of site-built, single family homes as of MLS data on February 28, 2018.