Cedar Grove, TN Home Values & Market Trends

Real estate market trends reflect that there have been 34 transactions over the past year in Cedar Grove. The median value for residential home transactions that occurred over the previous year is $132,246.67. The number of current listings in Cedar Grove is 2, and the percentage of properties for sale in the city is 2.00%. Cedar Grove, TN currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 2 properties for sale.

Cedar Grove, TN Real Estate Market Overview

ZipMedian Est. Value
38321

$ 732,524

$ 193/sqft

Housing Market Summary for Cedar Grove, TN

Mar 2023February 2024Change
Median Listing Price$230K$196.8K-14.44%
Median Sold Price$121.7K$196.8K61.72%
Homes For Sale73-57.14%
Homes Sold3926-33.33%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Cedar Grove, TN

Cedar Grove home values range from $18,940 to $843,025. The median estimated value of a home in Cedar Grove is $132,246.67. The median list price of a home is 1,319,950, and the total count of properties in the city is 919.

Foreclosure
There is 1 zips within Cedar Grove, TN; within this zips, the median estimated home value for homes in foreclosure ranges from $126,032 in 38321 to the lowest value of $126,032 in 38321. Foreclosure homes account for 0.00% of properties in Cedar Grove, TN with 38321 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Cedar Grove, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Cedar Grove, TN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Cedar Grove, TN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Cedar Grove, TN. There is 1 zips within Cedar Grove, TN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    38321 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Cedar Grove, TN. Auction homes and other auction properties account for 0.11% of all properties in Cedar Grove, TN. There is 1 zips within Cedar Grove, TN; of that zips, the median estimated home value for homes going to auction ranges from $126,032 in 38321 to the lowest value of $126,032 in 38321.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.22% of residential properties in Cedar Grove, TN with 38321 containing 2 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Cedar Grove, TN; homes for sale in that zips, have a range of median values from $732,524 in 38321 to the lowest value of $732,524 in 38321.
    Sold Homes
    The median value for recently sold homes ranges from $603,836 in 38321 to the lowest price of $51,536 in 38321. There is 1 zips within Cedar Grove, TN. 38321 has 32 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.48% of properties in Cedar Grove, TN.

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      Guide for Cedar Grove, TN

      Market Reports
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      Investment Financing
      How to Decide How Much To Spend On Your First Home
      See More Articles
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Market Reports|posted 8 March 2024

      The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.

      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws

      How to Decide How Much To Spend On Your First Home
      Investment Financing|posted 18 March 2024

      Learn about the 28% rule, expert tips, and budgeting strategies to ensure you spend wisely on your dream home.

      Recently Listed Homes Cedar Grove, TN

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