Is Church Hill, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Church Hill is a 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

+$35,000(+15.6%)

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

# BEDSNov 2022Nov 2023CHANGE
1 $375K$55K
-85.3%
2 $147.4K$179.2K
+21.6%
3 $225K$250K
+11.1%
4 $250K$302.6K
+21.1%
5+ $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
+15.6%
Mount Carmel
+6.1%

Housing Supply in Church Hill, TN

How many homes are available in Church Hill, TN?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
5956-5.1%

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

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 55
0.0%
3 3836
-5.3%
4 1211
-8.3%
5+ 44
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 2023Nov 2023CHANGE
1318+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

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
130 Days54 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

Breakdown of Home Sale Times

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.

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

Report Updated 2 Days Ago

Newest Listings in Church Hill, TN

Nearby Markets to Church Hill, TN

What housing markets are near Church Hill, TN?