Spring is in the air, and the real estate market in Wilson County is in full bloom, according to Amy Hamilton, president of the Eastern Middle Tennessee Association of Realtors.
March real estate rebounded with 174 residential single-family homes sold across Wilson County, an improvement of 69 compared to February.
Mt. Juliet dominated the market with 55 percent of the sales for the month with 96. Six of those sales were foreclosures or short sales while 31 were new construction. The median sales price in March in Mt. Juliet of existing home sales was $225,900 with a median price per square foot of $105.55 and 42 average days on the market.
Homes sold, on average, for 97 percent of the sales price and had 2,289 average square feet.
Of the 31 new home sales, three were in the Del Webb community, and the rest were spread throughout Mt. Juliet. The 28 new homes sold out of Del Webb had a median sales price of $348,450 with a median $123.94 price per square foot and 2,952 average square feet.
Hamilton said Lebanon came in a strong second with 38 percent of the market share with 64 total sales in March. Of the 47 existing home sales, the median sales price was $164,500 with a median $90.06 price per square foot and 67 average days on the market. Homes in Lebanon sold for an average of 97 percent of asking price and had a median 1,959 square feet.
“New home construction is proving to be a strong factor in Lebanon, as well,” Hamilton said.
Seventeen new homes sold in Lebanon in March with a median sales price of $224,900, a median price per square foot of $111.25 and 1,947 average square feet.
Watertown wrapped up March with six sales, none of which were new construction and three were foreclosures or short sales. The median sales price in March was $210,000 with $85.72 price per square foot. Homes in Watertown averaged selling for 94 percent of list price.
Old Hickory ended the month with eight sales, one of which was new and no foreclosures or short sales. The median sales price in Old Hickory was $169,900 with a median price per square foot of $95.65 and 82 average days on the market. One new construction home sold in March sold for $466,000 with 3,787 square feet and had a lake view.
“As the housing market in Wilson County continues to remain in a seller’s market, we are experiencing a housing shortage, as well as seeing multiple offers on the same homes become a common occurrence,” Hamilton said. “Homes presented well and priced in the market are selling and selling quickly for the most part, some areas much quicker than others.
“If sellers are thinking of selling or buying, call your realtor to see if now if the right time for you and your situation. Don’t miss out on this prime opportunity if you’re in the market.