Is Signal Mountain, 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, Signal Mountain has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $510K | N/A |
2 Bedrooms | $290K | $322.5K | +11.2% |
3 Bedrooms | $432.8K | $475K | +9.7% |
4 Bedrooms | $655K | $756.5K | +15.5% |
5+ Bedrooms | $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 | $555K | $640.9K | +15.5% |
Chattanooga | $310.7K | $325.3K | +4.7% |
Housing Supply in Signal Mountain, TN
How many homes are available in Signal Mountain, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 72 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 6 | +500.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 47 | 39 | -17.0% |
5+ Bedrooms | 6 | 5 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 18 | -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
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
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.