13 homes in Elmwood
$1.4M
Median Price
$765
Avg $/Sq Ft
24
Avg Days on Market
4
New This Week
Elmwood is a sought-after neighborhood in Berkeley, TN. Currently, there are 14 homes for sale in this area with a median listing price of $1.4M. The average price per square foot is $765.
Berkeley Market Report
Median Home Price
$3.19M
↑ 99.7% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
1.4 months of supply
Seller's MarketWith only 75 active listings, supply is tight.
What this means for buyers
Inventory is tight relative to how many homes sell each month—buyers have fewer options, and well-priced homes draw competition. Listings typically sell in ~30 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace—buyers have some time, but competition exists.
Inventory Distribution
Homes are selling quickly—most listings move within 30 days, signaling strong buyer demand.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $401K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$1.1M)
Price Reductions
20 listings have reduced their price
27% of active listings
Average reduction: 12.4% (~$117K)
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