Is Hamilton 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, Hamilton County has remained a Seller's Market.
Housing Prices in Hamilton County, TN
How much do homes in Hamilton County, TN cost?
Median Sold Price
$352,480
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hamilton County was $352,480 in March 2024, up 2.7% 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 | $250K | $279.9K | +12.0% |
2 Bedrooms | $236.4K | $249.8K | +5.7% |
3 Bedrooms | $310.2K | $329.1K | +6.1% |
4 Bedrooms | $449.9K | $459.1K | +2.0% |
5+ Bedrooms | $599.9K | $644K | +7.3% |
Summary: Hamilton County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Counties
Marion County | $220K | $283.5K | +28.9% |
Catoosa County | $296.2K | $308.9K | +4.3% |
Hamilton County | $343.2K | $352.4K | +2.7% |
Bradley County | $294.8K | $300.1K | +1.8% |
Sequatchie County | $259.9K | $250K | -3.8% |
Housing Supply in Hamilton County, TN
How many homes are available in Hamilton County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,161 | 2,341 | +8.3% |
Summary: The Hamilton County real estate market had 2,341 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 80 | 87 | +8.8% |
2 Bedrooms | 346 | 363 | +4.9% |
3 Bedrooms | 1,023 | 1,096 | +7.1% |
4 Bedrooms | 554 | 611 | +10.3% |
5+ Bedrooms | 158 | 184 | +16.5% |
Summary: The Hamilton County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 16.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
465 | 563 | +21.1% |
Asking Price vs. Sold Price
263 Homes Were Sold
Under Asking
171 Homes Were Sold
At Asking
129 Homes Were Sold
Over Asking
Summary: A total of 563 homes were sold or pending in Hamilton County in March 2024, up by 21.1% month-over-month. Of the 563 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for Hamilton County, TN
How long does it take to sell a home in Hamilton County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 43 Days | +84.2% |
Summary: Homes in Hamilton County had an average of 43 days on market in Mar 2024, up by 84.2% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During March 2024, 563 homes were sold in Hamilton County; 13% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.