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 October 2021

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.

How much do homes in Signal Mountain, TN cost?

Median Sold Price

$528,500

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$90,000(+20.5%)

Key Takeaway

Homes in Signal Mountain have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $287.5K$310K
+7.8%
3 $362.5K$437K
+20.6%
4 $482.5K$570K
+18.1%
5+ $655K$725K
+10.7%

Median Sold Price Compared To Nearby Cities

Signal Mountain
+20.5%
Chattanooga
+16.1%
Walden
-2.8%

How many homes are available in Signal Mountain, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
5248-7.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 31
-66.7%
3 1410
-28.6%
4 2020
0.0%
5+ 1517
+13.3%

Number of Homes Sold

Sep 2022Oct 2022%
1623+43.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Signal Mountain, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
11 Days16 Days+42.5%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 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.

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

About Signal Mountain, TN

Signal Mountain, TN has 48 homes for sale to choose from. Between September 2022 and October 2022, Signal Mountain, TN real estate market has seen decrease in the number of listings by 7.7%. In October 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $528,500. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 7.8%, prices of 3 bedrooms properties increased by 20.6%, prices of 4 bedrooms properties increased by 18.1%, prices of 5 bedrooms properties went up by 10.7%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 66.7%, volume of 3 bedrooms homes went down by 28.6%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes went up by 13.3%. While more than 2 listings in Signal Mountain, TN in October 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 16 were sold below.

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