Cherry, Clarksville, TN Homes for Sale

Cherry, Clarksville, TN Homes for Sale June 24, 2024
145
Listed
120
Avg. DOM
$201.33
Avg. $ / Sq.Ft.
$341,900
Med. List Price
145 Properties
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Introduction to Clarksville's Real Estate Market

Clarksville, Tennessee, a gem in the real estate world, boasts a dynamic and flourishing market. With a blend of modern developments and historical charm, the city offers diverse housing options suitable for various tastes and budgets. As of late 2023, the sale-to-list price ratio in Clarksville stands at an impressive 98.3%, indicating a strong seller's market. Homes in Clarksville typically sell close to their asking price, a trend that reflects the area's growing popularity and stable market conditions.

Cherry Homes

Median Sale Price and Yearly Growth

The real estate market in Clarksville has experienced a steady increase in home values over the years. This growth is a testament to the area's economic stability and the continuous influx of residents attracted by its vibrant community and job opportunities. The median sale price for homes offers an insight into the local market's health, with recent sales showcasing a range from affordable starter homes to more luxurious properties.

The Appeal of Cherry, Clarksville, TN

Nestled within Clarksville, Cherry is a neighborhood that radiates charm and convenience. Its streets are lined with a mix of traditional and contemporary homes, each with its unique character. Residents enjoy the benefit of living in a community that combines suburban tranquility with easy access to the bustling city life of downtown Clarksville.

Unique Features of Cherry Neighborhood

Cherry stands out for its beautiful landscapes and well-maintained properties. The homes here vary in age, with some dating back several decades, showcasing the rich history of the area. Many properties feature modern upgrades and amenities, such as renovated kitchens and landscaped gardens, catering to the needs of contemporary living while preserving their historical charm.

Proximity to Key Locations and Amenities

One of Cherry's greatest assets is its location. The neighborhood is conveniently situated near top-rated schools, shopping centers, and parks, making it an ideal place for families and professionals alike. Its proximity to major highways and public transportation options also provides easy access to neighboring cities and communities, adding to the convenience of living in this delightful neighborhood.

Home Styles and Architecture in Cherry

In Cherry, Clarksville, the architectural landscape is as diverse as its community. The neighborhood boasts a variety of home styles, from charming mid-century cottages to modern new-builds. This mix of old and new adds a unique character to the area, offering something for everyone's taste. Homes in Cherry typically feature spacious layouts, ranging from cozy 1,200 square foot bungalows to expansive 3,000 square foot family homes.

Cherry Clarksville TN Homes

Description of Common Home Styles

The common home styles in Cherry reflect a rich architectural heritage. You'll find classic ranch-style homes, popular for their single-story living and easy accessibility. These homes often feature open floor plans and large windows, creating a bright and airy living space. In contrast, newer constructions lean towards contemporary designs, with sleek lines, energy-efficient features, and modern amenities that cater to a more tech-savvy homeowner.

Architectural Details and Construction Materials

The architectural details in Cherry's homes are a nod to both history and modernity. Older homes often boast hardwood floors, brick exteriors, and large, welcoming porches, while newer constructions feature composite materials, smart home technology, and eco-friendly designs. This blend of traditional and contemporary elements is a hallmark of Cherry's unique architectural identity.

Understanding Home Values in Cherry

Cherry's real estate market is as vibrant as its community. Home values in this neighborhood have been on a steady rise, reflecting the area's growing popularity. This is partly due to the neighborhood's ideal balance of suburban peace and urban convenience, which appeals to a wide range of buyers.

Average Sale Prices in the Area

The average sale price in Cherry varies, catering to a spectrum of budgets. Properties can range from affordable starter homes to more upscale residences. For instance, smaller homes may start around the $200,000 mark, while larger, more modern homes can fetch prices upwards of $500,000. These figures indicate a healthy and accessible market for a variety of home buyers.

Factors Influencing Home Values

Several factors influence the home values in Cherry. The age and condition of the property, its size, and the extent of any upgrades or renovations play significant roles. Additionally, the proximity to top-rated schools, local amenities, and the overall appeal of the neighborhood contribute to the property's value. As Cherry continues to develop and attract more residents, these factors collectively ensure a strong and resilient real estate market.

Market Dynamics: Sales and Listings

The real estate market in Cherry, Clarksville, is characterized by its vibrant and active nature. The area has seen a healthy mix of buyer interest and property listings, making it a balanced market favorable for both buyers and sellers. Recent trends show that homes in Cherry are highly sought after, with many properties selling close to or above their listing prices.

Cherry Clarksville Homes

Percentage of Homes Sold Above List Price

In the Cherry neighborhood, a significant percentage of homes sell above the list price, indicating a competitive market. This trend is driven by the high demand for homes in the area, coupled with the limited availability of properties. It's not uncommon for homes to sell at about 98.3% of their listed price, showcasing the neighborhood's strong appeal to homebuyers.

Trends in Sale-to-List Price Ratios

The sale-to-list price ratio in Cherry has been consistently high, reflecting the area's thriving real estate market. This ratio is a key indicator of market health, showing how close homes are selling to their asking prices. A high sale-to-list price ratio, like what Cherry experiences, often leads to quicker sales and greater competition among buyers.

Migration and Relocation Trends Impacting Cherry

The Cherry neighborhood in Clarksville is not just a local gem but also a national attractor. The area has witnessed notable migration trends, with people moving both into and out of Cherry, impacting the local real estate dynamics.

Inbound and Outbound Migration Patterns

Cherry has seen a mix of inbound and outbound migration. While a significant portion of homebuyers are from outside metros, many residents are also exploring opportunities in nearby cities. This pattern of movement plays a crucial role in shaping the real estate market in Cherry, influencing both demand and property values.

Impact of These Trends on the Local Market

The migration trends in Cherry have a direct impact on the real estate market. Inbound migration increases demand for homes, potentially driving up property values. Conversely, outbound migration can lead to a more varied market with diverse property options available for incoming residents. Understanding these trends is key for anyone looking to buy or sell in Cherry, Clarksville.

Spotlight on Recent Sales in Cherry

Cherry, Clarksville, has seen a variety of homes sold recently, each offering a glimpse into the neighborhood's diverse real estate offerings. From cozy single-family homes to spacious multi-story properties, the sales highlight the area's appeal to a broad range of buyers. Recent sales include properties ranging from $200,000 to over $500,000, reflecting the varied options available in Cherry.

Showcase of Recently Sold Properties

Recent sales in Cherry feature homes with different sizes and amenities. For instance, a 3,100 square foot home with 4 bedrooms and 2.5 baths recently sold for $639,900, while a more modest 1,800 square foot home with 3 bedrooms and 2.5 baths sold for $325,000. These sales demonstrate the neighborhood's diverse housing stock and its ability to cater to different lifestyles and budgets.

Schools and Education in Clarksville

Education is a top priority in Clarksville, with the city boasting a range of high-performing schools. The quality of education in the area is a significant factor for families considering moving to Cherry, as it offers both excellent academic opportunities and a sense of community.

Ratings and Reviews of Local Schools

Clarksville's schools are well-regarded, with many receiving high ratings. For example, Rossview Elementary School has a 10/10 rating, reflecting its excellent educational standards. These schools offer a wide range of programs and extracurricular activities, contributing to a well-rounded education for students in the Cherry neighborhood.

Impact of School Quality on Property Values

The quality of local schools directly impacts property values in Cherry. Homes in areas with high-rated schools tend to have higher property values and are more sought after by families. This trend is evident in Cherry, where the presence of top-rated schools adds to the neighborhood's attractiveness and supports the steady growth in home values.

Climate's Impact on Clarksville Housing

Environmental factors play a significant role in the Clarksville housing market, including in the Cherry neighborhood. Understanding these factors is crucial for homeowners and potential buyers, as they can influence property values and livability.

Flood and Fire Risks in the Area

Clarksville, including the Cherry area, faces moderate risks of flooding and wildfires. Approximately 14% of properties are at risk of severe flooding over the next 30 years, while 58% face wildfire risks. These environmental challenges are essential considerations for homeowners regarding insurance and property maintenance.

Exploring the Future of Cherry's Housing Market

The housing market in Cherry, Clarksville, is poised for continued growth and evolution. With its appealing mix of home styles, strong community, and excellent schools, Cherry is expected to remain a desirable location for both current residents and those looking to move to the area.

Predictions for Market Trends

The real estate market in Cherry is anticipated to remain robust, with continued demand driving property values. The neighborhood's appeal, coupled with Clarksville's overall growth, suggests a stable and prosperous future for Cherry's housing market.

Advice for Potential Buyers and Sellers

For those looking to buy or sell in Cherry, staying informed about market trends and environmental factors is key. Buyers should consider the long-term impact of their investment, while sellers can capitalize on the area's popularity and the current demand for homes.

In summary, Cherry in Clarksville, TN, presents a dynamic and promising real estate market. From its diverse architectural styles and strong school system to its resilient market dynamics and environmental considerations, Cherry offers a comprehensive and attractive package for anyone interested in the real estate sector. With its balance of suburban charm and urban accessibility, Cherry is not just a place to live but a community to be a part of.