Is Collegedale, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Collegedale was a Seller's Market.
Housing Prices in Collegedale, TN
How much do homes in Collegedale, TN cost?
Median Sold Price
$422,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Collegedale was $422,000 in May 2024, down 1.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $383.1K | $359.9K | -6.1% |
3 Bedrooms | $410K | $389K | -5.1% |
4 Bedrooms | $404.5K | $524.5K | +29.6% |
5+ Bedrooms | $468K | $595.4K | +27.2% |
Summary: Collegedale 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 decreased by 6.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 27.2%.
Median Sold Price Compared To Nearby Cities
Ooltewah | $435K | $469K | +7.8% |
Chattanooga | $316.8K | $326.7K | +3.1% |
Collegedale | $426.5K | $422K | -1.1% |
Mc Donald | $495K | $433.9K | -12.3% |
Housing Supply in Collegedale, TN
How many homes are available in Collegedale, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 52 | -14.8% |
Summary: The Collegedale real estate market had 52 homes for sale in May 2024, a 14.8% decrease 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 | 0 | -100.0% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Collegedale 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 decreased by 100%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Collegedale in May 2024, down by 50.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Collegedale, TN
How long does it take to sell a home in Collegedale, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 17 Days | +13.3% |
Summary: Homes in Collegedale had an average of 17 days on market in May 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Collegedale; 25% 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.