Is Catoosa Springs, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catoosa Springs is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Catoosa Springs was a Seller's Market.

Key Takeaway

Catoosa Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Catoosa Springs, GA

How much do homes in Catoosa Springs, GA cost?

Median Sold Price

$279,950

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,650(+6.7%)

Key Takeaway

Homes in Catoosa Springs have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Catoosa Springs was $279,950 in May 2024, up 6.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $167.5K$214K
+27.8%
3 $260K$275K
+5.8%
4 $330K$386K
+17.0%
5+ $158K$397.5K
+151.6%

Summary: Catoosa Springs 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 27.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 151.6%.

Median Sold Price Compared To Nearby Cities

North Whitfield
+27.5%
Ooltewah
+7.8%
Catoosa Springs
+6.7%
Ringgold
+3.7%
West Whitfield
+0.8%

Housing Supply in Catoosa Springs, GA

How many homes are available in Catoosa Springs, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1925+31.6%

Summary: The Catoosa Springs real estate market had 25 homes for sale in May 2024, a 31.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 910
+11.1%
4 45
+25.0%
5+ 02
+100.0%

Summary: The Catoosa Springs 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catoosa Springs, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Catoosa Springs in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Catoosa Springs, GA

How long does it take to sell a home in Catoosa Springs, GA?

Average Sale Time

May 2023May 2024CHANGE
16 Days1 Day-94.0%

Summary: Homes in Catoosa Springs had an average of 1 days on market in May 2024, down by 94% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Catoosa Springs are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Catoosa Springs; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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