Is Red Boiling Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Red Boiling Springs has remained a Seller's Market.
Housing Prices in Red Boiling Springs, TN
How much do homes in Red Boiling Springs, TN cost?
Median Sold Price
$325,000
$122/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Red Boiling Springs was $325,000 in February 2024, up 38.3% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $235K | $210K | -10.6% |
4 Bedrooms | - | $611K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Red Boiling Springs housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Red Boiling Springs, TN
How many homes are available in Red Boiling Springs, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Summary: The Red Boiling Springs real estate market had 14 homes for sale in February 2024, a 6.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Boiling Springs housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Red Boiling Springs in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Red Boiling Springs, TN
How long does it take to sell a home in Red Boiling Springs, TN?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 59 Days | +8.3% |
Summary: Homes in Red Boiling Springs had an average of 59 days on market in Feb 2024, up by 8.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Red Boiling Springs; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.