Is Decherd, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Decherd has remained a Seller's Market.
Key Takeaway
Decherd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Decherd, TN
How much do homes in Decherd, TN cost?
Median Sold Price
$279,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Decherd have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Decherd was $279,900 in May 2024, up 3.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $115K | $182.2K | +58.5% |
| 3 Bedrooms | $282K | $289.9K | +2.8% |
| 4 Bedrooms | $279.9K | $314.9K | +12.5% |
| 5+ Bedrooms | $182.5K | $225K | +23.3% |
Summary: Decherd housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
| Winchester | $307.9K | $366.7K | +19.1% |
| Estill Springs | $262K | $289.9K | +10.7% |
| Decherd | $269.9K | $279.9K | +3.7% |
Housing Supply in Decherd, TN
How many homes are available in Decherd, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Summary: The Decherd real estate market had 38 homes for sale in May 2024, a 31.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Decherd housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Decherd, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Decherd in May 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Decherd, TN
How long does it take to sell a home in Decherd, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 84 Days | 62 Days | -26.7% |
Summary: Homes in Decherd had an average of 62 days on market in May 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Decherd are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 9 homes were sold in Decherd; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.