Is Coffee County, 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, Coffee County has remained a Seller's Market.
Key Takeaway
Coffee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coffee County, TN
How much do homes in Coffee County, TN cost?
Median Sold Price
$296,633
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coffee County have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Coffee County was $296,633 in March 2024, up 2.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $462.9K | $165K | -64.4% |
| 2 Bedrooms | $155K | $213.2K | +37.6% |
| 3 Bedrooms | $279.9K | $290.3K | +3.7% |
| 4 Bedrooms | $403.5K | $390K | -3.3% |
| 5+ Bedrooms | $515K | $468K | -9.1% |
Summary: Coffee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.4%, 2 bedroom homes increased by 37.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Counties
| Grundy County | $265K | $325K | +22.6% |
| Franklin County | $287K | $297.7K | +3.7% |
| Coffee County | $289K | $296.6K | +2.6% |
| Bedford County | $304.9K | $312.2K | +2.4% |
Housing Supply in Coffee County, TN
How many homes are available in Coffee County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 290 | 297 | +2.4% |
Summary: The Coffee County real estate market had 297 homes for sale in March 2024, a 2.4% 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 | 32 | 33 | +3.1% |
| 3 Bedrooms | 190 | 187 | -1.6% |
| 4 Bedrooms | 58 | 65 | +12.1% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Coffee County 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 3.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 65 | +30.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coffee County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Coffee County in March 2024, up by 30.0% month-over-month. Of the 64 sold homes, 52% were sold under asking, 34% were sold at asking, and 14% were sold over asking.
Days on Market for Coffee County, TN
How long does it take to sell a home in Coffee County, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 63 Days | +67.2% |
Summary: Homes in Coffee County had an average of 63 days on market in Mar 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coffee County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 65 homes were sold in Coffee County; 45% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% 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. 
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.