Is Collegedale, 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, Collegedale was a Seller's Market.
Key Takeaway
Collegedale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Collegedale, TN
How much do homes in Collegedale, TN cost?
Median Sold Price
$425,750
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Collegedale have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Collegedale was $425,750 in March 2024, up 3.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315.5K | $368.5K | +16.8% |
| 3 Bedrooms | $388K | $388K | 0.0% |
| 4 Bedrooms | $401K | $479.9K | +19.7% |
| 5+ Bedrooms | $585K | $582.5K | -0.4% |
Summary: Collegedale 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 16.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Ooltewah | $425.2K | $459.9K | +8.2% |
| Chattanooga | $310.7K | $325.3K | +4.7% |
| Collegedale | $412K | $425.7K | +3.3% |
| Mc Donald | $497.5K | $370K | -25.6% |
Housing Supply in Collegedale, TN
How many homes are available in Collegedale, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 47 | -2.1% |
Summary: The Collegedale real estate market had 47 homes for sale in March 2024, a 2.1% decrease 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Collegedale 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 100%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collegedale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Collegedale in March 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Collegedale, TN
How long does it take to sell a home in Collegedale, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +41.2% |
Summary: Homes in Collegedale had an average of 24 days on market in Mar 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Collegedale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Collegedale; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.