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 seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Catoosa Springs has remained a Seller's Market.

Key Takeaway

Catoosa Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Catoosa Springs, GA

How much do homes in Catoosa Springs, GA cost?

Median Sold Price

$265,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$25,000(+10.4%)

Key Takeaway

Homes in Catoosa Springs have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Catoosa Springs was $265,000 in November 2023, up 10.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $225.5K-
N/A
2 $185K$188K
+1.6%
3 $246.5K$264.5K
+7.3%
4 $315K$365K
+15.9%
5+ $219K$470K
+114.6%

Summary: Catoosa Springs housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 114.6%.

Median Sold Price Compared To Nearby Cities

North Whitfield
+16.6%
Ringgold
+11.3%
Catoosa Springs
+10.4%
Ooltewah
+6.1%
West Whitfield
-0.4%

Housing Supply in Catoosa Springs, GA

How many homes are available in Catoosa Springs, GA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
2923-20.7%

Summary: The Catoosa Springs real estate market had 23 homes for sale in November 2023, a 20.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 42
-50.0%
3 1611
-31.3%
4 56
+20.0%
5+ 44
0.0%

Summary: The Catoosa Springs housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catoosa Springs, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Catoosa Springs in November 2023, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Nov 2022Nov 2023CHANGE
17 Days4 Days-76.9%

Summary: Homes in Catoosa Springs had an average of 4 days on market in Nov 2023, down by 76.9% 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 November 2023, 4 homes were sold in Catoosa Springs; 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.

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

Report Updated 5 Days Ago

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