Is Bluff City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bluff City was a Seller's Market.
Key Takeaway
Bluff City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bluff City, TN
How much do homes in Bluff City, TN cost?
Median Sold Price
$269,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bluff City have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Bluff City was $269,000 in March 2024, down 2.2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $144K | $165.4K | +14.9% |
| 3 Bedrooms | $280K | $259.9K | -7.2% |
| 4 Bedrooms | $370K | $440.7K | +19.1% |
| 5+ Bedrooms | $550K | $490K | -10.9% |
Summary: Bluff City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Bristol | $220K | $227.6K | +3.5% |
| Bluff City | $275K | $269K | -2.2% |
| Piney Flats | $426.5K | $392.8K | -7.9% |
Housing Supply in Bluff City, TN
How many homes are available in Bluff City, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The Bluff City real estate market had 37 homes for sale in March 2024, a 23.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bluff City housing inventory by bedroom type for March 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 5.3%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bluff City, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Bluff City in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 91 Days | +235.4% |
Summary: Homes in Bluff City had an average of 91 days on market in Mar 2024, up by 235.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bluff City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Bluff City; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% 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.