Is Signal Mountain, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Signal Mountain is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Signal Mountain has remained a Seller's Market.

Key Takeaway

Signal Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Signal Mountain, TN

How much do homes in Signal Mountain, TN cost?

Median Sold Price

$640,959

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$85,959(+15.5%)

Key Takeaway

Homes in Signal Mountain have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Signal Mountain was $640,959 in March 2024, up 15.5% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$510K
N/A
2 $290K$322.5K
+11.2%
3 $432.8K$475K
+9.7%
4 $655K$756.5K
+15.5%
5+ $790K$855K
+8.2%

Summary: Signal Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Signal Mountain
+15.5%
Chattanooga
+4.7%

Housing Supply in Signal Mountain, TN

How many homes are available in Signal Mountain, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7472-2.7%

Summary: The Signal Mountain real estate market had 72 homes for sale in March 2024, a 2.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 16
+500.0%
3 1921
+10.5%
4 4739
-17.0%
5+ 65
-16.7%

Summary: The Signal Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 500%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2518-28.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Signal Mountain, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Signal Mountain in March 2024, down by 28.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for Signal Mountain, TN

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Signal Mountain are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 18 homes were sold in Signal Mountain; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Signal Mountain, TN

Nearby Markets to Signal Mountain, TN

What housing markets are near Signal Mountain, TN?