Is South Pittsburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Pittsburg has remained a Seller's Market.
Housing Prices in South Pittsburg, TN
How much do homes in South Pittsburg, TN cost?
Median Sold Price
$210,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Pittsburg was $210,500 in April 2024, up 10.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $25K | N/A |
2 Bedrooms | $153.5K | $194.5K | +26.7% |
3 Bedrooms | $225K | $210K | -6.7% |
4 Bedrooms | $239K | $653.5K | +173.4% |
5+ Bedrooms | - | - | N/A |
Summary: South Pittsburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 173.4%, and 5+ bedroom homes did not change.
Housing Supply in South Pittsburg, TN
How many homes are available in South Pittsburg, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Summary: The South Pittsburg real estate market had 30 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 17 | 13 | -23.5% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Pittsburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Pittsburg in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for South Pittsburg, TN
How long does it take to sell a home in South Pittsburg, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 86 Days | +335.4% |
Summary: Homes in South Pittsburg had an average of 86 days on market in Apr 2024, up by 335.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in South Pittsburg; 0% 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.