Is Mountain Creek / Moccasin Bend, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Creek / Moccasin Bend is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Mountain Creek / Moccasin Bend has remained a Seller's Market.

Key Takeaway

Mountain Creek / Moccasin Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mountain Creek / Moccasin Bend, TN

How much do homes in Mountain Creek / Moccasin Bend, TN cost?

Median Sold Price

$360,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$75,537(+26.6%)

Key Takeaway

Homes in Mountain Creek / Moccasin Bend have sold for 26.6% more than they did a year ago.

Summary: The median home sold price in Mountain Creek / Moccasin Bend was $360,000 in March 2024, up 26.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $115K$118K
+2.6%
2 $165K$171K
+3.6%
3 $353.5K$382.5K
+8.2%
4 $439K$465K
+5.9%
5+ $485K$733K
+51.1%

Summary: Mountain Creek / Moccasin Bend housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 51.1%.

Median Sold Price Compared To Nearby Neighborhoods

Mountain Creek / Moccasin Bend
+26.6%
Northside / Cherokee
+17.6%
North Chattanooga / Hill City
+5.2%
Northshore
-5.0%

Housing Supply in Mountain Creek / Moccasin Bend, TN

How many homes are available in Mountain Creek / Moccasin Bend, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4358+34.9%

Summary: The Mountain Creek / Moccasin Bend real estate market had 58 homes for sale in March 2024, a 34.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 36
+100.0%
2 2433
+37.5%
3 109
-10.0%
4 59
+80.0%
5+ 11
0.0%

Summary: The Mountain Creek / Moccasin Bend housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Creek / Moccasin Bend, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Mountain Creek / Moccasin Bend in March 2024, up by 44.4% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for Mountain Creek / Moccasin Bend, TN

How long does it take to sell a home in Mountain Creek / Moccasin Bend, TN?

Average Sale Time

Mar 2023Mar 2024CHANGE
18 Days42 Days+133.3%

Summary: Homes in Mountain Creek / Moccasin Bend had an average of 42 days on market in Mar 2024, up by 133.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mountain Creek / Moccasin Bend has remained consistent over time.

Summary: During March 2024, 13 homes were sold in Mountain Creek / Moccasin Bend; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

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