Is Bluff City, 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, Bluff City has remained a Seller's Market.
Key Takeaway
Bluff City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bluff City, TN
How much do homes in Bluff City, TN cost?
Median Sold Price
$275,000
$162/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Bluff City has remained the same since last year.
Summary: The median home sold price in Bluff City was $275,000 in May 2024, the same as last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $143.5K | $180K | +25.4% |
| 3 Bedrooms | $275K | $275K | 0.0% |
| 4 Bedrooms | $383.5K | $475.9K | +24.1% |
| 5+ Bedrooms | $482.5K | $625K | +29.5% |
Summary: Bluff City 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 25.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Bristol | $219.9K | $230.9K | +5.0% |
| Bluff City | $275K | $275K | 0.0% |
| Piney Flats | $429.9K | $383K | -10.9% |
Housing Supply in Bluff City, TN
How many homes are available in Bluff City, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The Bluff City real estate market had 46 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bluff City 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 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bluff City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Bluff City in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Bluff City, TN
How long does it take to sell a home in Bluff City, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 49 Days | -29.9% |
Summary: Homes in Bluff City had an average of 49 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bluff City has remained consistent over time.
Summary: During May 2024, 12 homes were sold in Bluff City; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% 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.