Is Riverview / Stuart Heights, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverview / Stuart Heights is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Riverview / Stuart Heights has remained a Seller's Market.

Key Takeaway

Riverview / Stuart Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$191,333(+44.4%)

Key Takeaway

Homes in Riverview / Stuart Heights have sold for 44.4% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $185K$107.6K
-41.8%
2 $323K$317.5K
-1.7%
3 $400K$489.2K
+22.3%
4 $750K$956.2K
+27.5%
5+ $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
+44.4%
Manchester Park
+29.8%
Amnicola / East Chattanooga
+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 2024Mar 2024CHANGE
5970+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

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 1314
+7.7%
3 2020
0.0%
4 716
+128.6%
5+ 1720
+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 2024Mar 2024CHANGE
815+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverview / Stuart Heights, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

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 2023Mar 2024CHANGE
30 Days84 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverview / Stuart Heights are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 27 Days Ago

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