Is Mountain Creek / Moccasin Bend, 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, Mountain Creek / Moccasin Bend has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $118K | +2.6% |
2 Bedrooms | $165K | $171K | +3.6% |
3 Bedrooms | $353.5K | $382.5K | +8.2% |
4 Bedrooms | $439K | $465K | +5.9% |
5+ Bedrooms | $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 | $284.4K | $360K | +26.6% |
Northside / Cherokee | $410K | $482.2K | +17.6% |
North Chattanooga / Hill City | $485K | $510K | +5.2% |
Northshore | $484K | $460K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 58 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 24 | 33 | +37.5% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 42 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
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.