Is Soddy-Daisy, 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, Soddy-Daisy has remained a Seller's Market.
Key Takeaway
Soddy-Daisy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Soddy-Daisy, TN
How much do homes in Soddy-Daisy, TN cost?
Median Sold Price
$300,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Soddy-Daisy have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Soddy-Daisy was $300,000 in May 2024, up 7.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.5K | $77.5K | -70.0% |
| 2 Bedrooms | $196.2K | $211.9K | +8.0% |
| 3 Bedrooms | $285K | $342.5K | +20.2% |
| 4 Bedrooms | $420K | $425K | +1.2% |
| 5+ Bedrooms | $375K | $675K | +80.0% |
Summary: Soddy-Daisy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 80%.
Median Sold Price Compared To Nearby Cities
| Soddy-Daisy | $279.9K | $300K | +7.2% |
| Chattanooga | $316.8K | $326.7K | +3.1% |
Housing Supply in Soddy-Daisy, TN
How many homes are available in Soddy-Daisy, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 57 | +14.0% |
Summary: The Soddy-Daisy real estate market had 57 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Soddy-Daisy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Soddy-Daisy, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Soddy-Daisy in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Soddy-Daisy, TN
How long does it take to sell a home in Soddy-Daisy, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 23 Days | -43.5% |
Summary: Homes in Soddy-Daisy had an average of 23 days on market in May 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Soddy-Daisy are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Soddy-Daisy; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.