Bradford Place is located in North Murfreesboro Tennessee, or area 21 in the MLS. It has always been a popular community because of it's convenient location, quick access to I24, and great school zones. Homes in Bradford Place are currently zoned for the highly sought John Pittard Elementary, the new Oakland Middle School and Oakland High School.
Homes for sale in Bradford Place for the last three months have ranged from 2,110 square feet with a list price of $152,000 to a high of 3,112 square feet with a list price of $254,900. As with most planned subdivisions in the area, the higher the square footage and list price, the lower the percentage to sales price. The smaller, and much less expensive home closed at 97.69% of the original list price. The largest, and also most expensive home closed for 89.97% of the original list price.
- The average days on the market was 75.75 - 32 days being the minimum and 99 days being the maximum
- The average sales price for active listings is $212,940
- The average per square foot price is $82,39
A seller's market occurs with less than 6 months of homes available in the market. A buyers market occurs when more than 7 months of inventory is available. The housing market is neutral with a 6 month supply of homes for sale.
There are currently five active listings in Bradford Place in Murfreesboro Tennessee. There have been four homes sold in Bradford Place in the last three months. That equates to 1.33 homes sold every month in Bradford Place. With five active homes for sale in Bradford Place, that gives a current inventory of 3.75 months.
Despite the lower sales prices that some sellers have accepted, Bradford Place is currently in a seller's market based on the current inventory. Lower inventory indicates that sales prices will begin to rise. Home prices are driven by supply and demand and there is currently a higher demand for homes in Bradford Place than there is inventory.
Condition of the home, layout, lot, location and amenities all impact how quickly your home will sell as well as the final sales price. With correct staging, price positioning, and marketing, home owners in Bradford Place should reap the rewards of the current housing market.
The table and graph below show the market statistics for Bradford Place for the past three months:
If you have a home located in Bradford Place in Murfreesboro Tennessee and are considering listing your home for sale, please contact me at 615-566-3789. I would be happy to complete a thorough market analysis for YOUR specific home and establish a marketing plan to get your home listed, staged, positioned, and SOLD! Now is a great time to considering selling homes in Bradford Place Subdivision. Not all areas of Murfreesboro TN are experiencing a seller's market. For information on the housing market in your area, please contact us online at www.SoldonTN.com or give me a call!
