The Balmoral housing market is somewhat competitive. The median sale price of a home in Balmoral was $263K last month, up 15.6% since last year. The median sale price per square foot in Balmoral is $144, up 5.9% since last year.
What is the housing market like in Balmoral today?
In January 2025, Balmoral home prices were up 15.6% compared to last year, selling for a median price of $263K. On average, homes in Balmoral sell after 36 days on the market compared to 42 days last year. There were 8 homes sold in January this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$262,500
+15.6% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Balmoral, TN
$262,500
+15.6%
United States
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How hot is the Balmoral housing market?
Balmoral is somewhat competitive. Homes sell in 35.5 days.
0
100
63
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 2% below list price and go pending in around 36 days.
Hot homes
can sell for about 1% above list price and go pending in around 21 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.
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Balmoral has a minor risk of flooding. 55 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.
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.