Is Red Boiling Springs, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Red Boiling Springs is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Red Boiling Springs has remained a Seller's Market.

Key Takeaway

Red Boiling Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$90,000(+38.3%)

Key Takeaway

Homes in Red Boiling Springs have sold for 38.3% more than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $235K$210K
-10.6%
4 -$611K
N/A
5+ --
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 2024Feb 2024CHANGE
1514-6.7%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 108
-20.0%
4 22
0.0%
5+ 11
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 2024Feb 2024CHANGE
34+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Red Boiling Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2024Feb 2024CHANGE
54 Days59 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Red Boiling Springs are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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