The Balmoral housing market is somewhat competitive. The median sale price of a home in Balmoral was $253K last month, down 11.8% since last year. The median sale price per square foot in Balmoral is $94, down 32.9% since last year.
What is the housing market like in Balmoral today?
In March 2024, Balmoral home prices were down 11.8% compared to last year, selling for a median price of $253K. On average, homes in Balmoral sell after 80 days on the market compared to 31 days last year. There were 10 homes sold in March this year, up from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$253,000
-11.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Balmoral, TN
$253,000
-11.8%
United States
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How hot is the Balmoral housing market?
Balmoral is somewhat competitive. Homes sell in 38 days.
0
100
56
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 26 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Balmoral housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Balmoral.
Risk Factor
Flood Factor - Moderate
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Balmoral has a moderate risk of flooding. 58 properties in Balmoral are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Balmoral. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Balmoral has a minor risk of wildfire. There are 21 properties in Balmoral that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Balmoral.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Balmoral has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Balmoral is most at risk from hurricanes. 1,013 properties in Balmoral have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.