Is Church Hill, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Church Hill have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Church Hill was $260,000 in November 2023, up 15.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $55K | -85.3% |
| 2 Bedrooms | $147.4K | $179.2K | +21.6% |
| 3 Bedrooms | $225K | $250K | +11.1% |
| 4 Bedrooms | $250K | $302.6K | +21.1% |
| 5+ Bedrooms | $380K | $321.2K | -15.5% |
Summary: Church Hill housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 85.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Church Hill | $225K | $260K | +15.6% |
| Mount Carmel | $231K | $245K | +6.1% |
Housing Supply in Church Hill, TN
How many homes are available in Church Hill, TN?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 59 | 56 | -5.1% |
Summary: The Church Hill real estate market had 56 homes for sale in November 2023, a 5.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Church Hill 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 remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Church Hill, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Church Hill in November 2023, up by 38.5% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 130 Days | 54 Days | -57.8% |
Summary: Homes in Church Hill had an average of 54 days on market in Nov 2023, down by 57.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Church Hill has remained consistent over time.
Summary: During November 2023, 18 homes were sold in Church Hill; 0% of homes were sold within 30 days, 94% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.