Is Church Hill, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Church Hill has remained a Seller's Market.
Key Takeaway
Church Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Church Hill, TN
How much do homes in Church Hill, TN cost?
Median Sold Price
$260,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Church Hill have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Church Hill was $260,000 in March 2024, up 8.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $55K | -85.3% |
| 2 Bedrooms | $115K | $188K | +63.5% |
| 3 Bedrooms | $235K | $249K | +6.0% |
| 4 Bedrooms | $280K | $315K | +12.5% |
| 5+ Bedrooms | $380K | $317.4K | -16.5% |
Summary: Church Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85.3%, 2 bedroom homes increased by 63.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Church Hill | $240K | $260K | +8.3% |
| Mount Carmel | $240K | $256.9K | +7.0% |
Housing Supply in Church Hill, TN
How many homes are available in Church Hill, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 56 | +12.0% |
Summary: The Church Hill real estate market had 56 homes for sale in March 2024, a 12.0% 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 | 4 | 9 | +125.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Church Hill 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 increased by 125%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Church Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Church Hill in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 112 Days | 64 Days | -43.3% |
Summary: Homes in Church Hill had an average of 64 days on market in Mar 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Church Hill has remained consistent over time.
Summary: During March 2024, 14 homes were sold in Church Hill; 14% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
