Parkwood / Union Hill Housing Market Report February 2025Davidson County, Tennessee

hero building illustration for mobile

Housing Prices in Parkwood / Union Hill, TN

How much do homes in Parkwood / Union Hill, TN cost?

Housing Market Conditions

Is Parkwood / Union Hill, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Parkwood / Union Hill is a Neutral Market

Difference Since February 2024

At the same time last year, Parkwood / Union Hill was a Seller's Market.

Insight

Parkwood / Union Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$389,743$231/SqFt
-$256
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Parkwood / Union Hill has remained the same since last year.

Summary: The median home sold price in Parkwood / Union Hill was $389,743 in February 2025, down 0.1% from last year, and the median price per square foot was $231.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$315K$221.2K
-29.8%
3$367.5K$356.6K
-3.0%
4$460K$471.8K
+2.6%
5$544.6K$483.1K
-11.3%

Summary: Parkwood / Union Hill housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -29.8%. The home price for 3 bedroom homes decreased by -3.0%. The home price for 4 bedroom homes increased by +2.6%. The home price for 5 bedroom homes decreased by -11.3%.

How does Parkwood / Union Hill, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Parkwood / Union Hill, TN

Housing supply in Parkwood / Union Hill, TN

How many homes are available in Parkwood / Union Hill, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
123Last MonthFeb 2025
1082 months agoJan 2025
+13.9 %
Change MoMJan – Feb

Summary: The Parkwood / Union Hill real estate market had 123 homes for sale in Feb 2025, a 13.9 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
18Last MonthFeb 2025
122 months agoJan 2025
+50.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
110
-100.0%
287
-12.5%
35366
+24.5%
43740
+8.1%
5910
+11.1%

Summary: Parkwood / Union Hill housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -12.5%. The inventory for 3 bedroom homes increased by +24.5%. The inventory for 4 bedroom homes increased by +8.1%. The inventory for 5 bedroom homes increased by +11.1%.

Asking Price vs. Sold Price

How much do homes in Parkwood / Union Hill, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price4 Homes

Under Asking Price13 Homes

Insight

If you're buying a home in Parkwood / Union Hill, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Parkwood / Union Hill in February 2025, up by 50.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and and 6% were sold over asking.

Days on Market for Parkwood / Union Hill, TN

How long does it take to sell a home in Parkwood / Union Hill, TN?

Breakdown of Home Sale Times

Under 30 Days12 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

Many homes in Parkwood / Union Hill are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 18 homes were sold in Parkwood / Union Hill; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
35 DaysThis YearFeb 2025
27 Days1 year agoFeb 2024
+31.7 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Parkwood / Union Hill had an average listing age of 35 days in Feb 2025, up by 31.7% compared to the previous year.

Newest Listings in Parkwood / Union Hill, TN

What homes are available in Parkwood / Union Hill, TN?

Nearby markets

MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, and Upper Cumberland MLS for the period 03/01/2023 - 03/01/2025

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 11:18:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Upper Cumberland Board of Realtors. All rights reserved. The data relating to real estate for sale on this website comes from Upper Cumberland Board of Realtors. Information is for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Information deemed to be reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 11:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.