Is Glass Farms, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glass Farms has remained a Seller's Market.
Key Takeaway
Glass Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glass Farms, TN
How much do homes in Glass Farms, TN cost?
Median Sold Price
$202,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glass Farms have sold for 26.3% more than they did a year ago.
Summary: The median home sold price in Glass Farms was $202,000 in April 2024, up 26.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $94.5K | +5.0% |
| 3 Bedrooms | $192.5K | $218.4K | +13.5% |
| 4 Bedrooms | $230K | $208.2K | -9.5% |
| 5+ Bedrooms | - | $360K | N/A |
Summary: Glass Farms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Glass Farms | $160K | $202K | +26.3% |
| Amnicola / East Chattanooga | $164K | $195K | +18.9% |
Housing Supply in Glass Farms, TN
How many homes are available in Glass Farms, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Glass Farms real estate market had 15 homes for sale in April 2024, a 6.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glass Farms housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glass Farms, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Glass Farms in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Glass Farms, TN
How long does it take to sell a home in Glass Farms, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 5 Days | -84.8% |
Summary: Homes in Glass Farms had an average of 5 days on market in Apr 2024, down by 84.8% 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 Glass Farms are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Glass Farms; 20% 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.
