Is Church Hill, 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, Church Hill has remained a Seller's Market.
Housing Prices in Church Hill, TN
How much do homes in Church Hill, TN cost?
Median Sold Price
$255,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Church Hill was $255,000 in May 2024, up 2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $55K | -85.3% |
2 Bedrooms | $150K | $189K | +26.0% |
3 Bedrooms | $249K | $239K | -4.0% |
4 Bedrooms | $280K | $289K | +3.2% |
5+ Bedrooms | $380K | $320.8K | -15.6% |
Summary: Church Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85.3%, 2 bedroom homes increased by 26%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
Mount Carmel | $242.5K | $253.4K | +4.5% |
Church Hill | $250K | $255K | +2.0% |
Housing Supply in Church Hill, TN
How many homes are available in Church Hill, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 63 | +8.6% |
Summary: The Church Hill real estate market had 63 homes for sale in May 2024, a 8.6% 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 | 13 | 13 | 0.0% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Church Hill 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 21 | +133.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Church Hill in May 2024, up by 133.3% month-over-month. Of the 21 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Church Hill, TN
How long does it take to sell a home in Church Hill, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 93 Days | +27.5% |
Summary: Homes in Church Hill had an average of 93 days on market in May 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Church Hill; 5% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.