Is Northside / Cherokee, 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, Northside / Cherokee has remained a Buyer's Market.
Key Takeaway
Northside / Cherokee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northside / Cherokee, TN
How much do homes in Northside / Cherokee, TN cost?
Median Sold Price
$482,250
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northside / Cherokee have sold for 12.1% less than they did a year ago.
Summary: The median home sold price in Northside / Cherokee was $482,250 in April 2024, down 12.1% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292K | $305K | +4.5% |
| 2 Bedrooms | $342.5K | $475K | +38.7% |
| 3 Bedrooms | $610K | $594.5K | -2.5% |
| 4 Bedrooms | $410K | - | N/A |
| 5+ Bedrooms | $600K | - | N/A |
Summary: Northside / Cherokee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 38.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Mountain Creek / Moccasin Bend | $307.5K | $342K | +11.2% |
| North Chattanooga / Hill City | $485K | $515K | +6.2% |
| Northside / Cherokee | $548.7K | $482.2K | -12.1% |
Housing Supply in Northside / Cherokee, TN
How many homes are available in Northside / Cherokee, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Northside / Cherokee real estate market had 24 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northside / Cherokee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northside / Cherokee, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Northside / Cherokee in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Northside / Cherokee, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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