Is Riverview / Stuart Heights, 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, Riverview / Stuart Heights has remained a Seller's Market.
Housing Prices in Riverview / Stuart Heights, TN
How much do homes in Riverview / Stuart Heights, TN cost?
Median Sold Price
$622,500
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riverview / Stuart Heights was $622,500 in March 2024, up 44.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $107.6K | -41.8% |
2 Bedrooms | $323K | $317.5K | -1.7% |
3 Bedrooms | $400K | $489.2K | +22.3% |
4 Bedrooms | $750K | $956.2K | +27.5% |
5+ Bedrooms | $975K | $1.1M | +17.9% |
Summary: Riverview / Stuart Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
Riverview / Stuart Heights | $431.1K | $622.5K | +44.4% |
Manchester Park | $251.2K | $326K | +29.8% |
Amnicola / East Chattanooga | $165K | $190.7K | +15.6% |
Housing Supply in Riverview / Stuart Heights, TN
How many homes are available in Riverview / Stuart Heights, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 70 | +18.6% |
Summary: The Riverview / Stuart Heights real estate market had 70 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 7 | 16 | +128.6% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Riverview / Stuart Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 128.6%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Riverview / Stuart Heights in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 13% were sold under asking, 60% were sold at asking, and 27% were sold over asking.
Days on Market for Riverview / Stuart Heights, TN
How long does it take to sell a home in Riverview / Stuart Heights, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 84 Days | +177.7% |
Summary: Homes in Riverview / Stuart Heights had an average of 84 days on market in Mar 2024, up by 177.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Riverview / Stuart Heights; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.