Is Soddy-Daisy, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Soddy-Daisy is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Soddy-Daisy has remained a Seller's Market.

Key Takeaway

Soddy-Daisy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Soddy-Daisy, TN cost?

Median Sold Price

$275,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$15,000(+5.8%)

Key Takeaway

Homes in Soddy-Daisy have sold for 5.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $148.9K-
N/A
2 $151K$185K
+22.5%
3 $253.7K$275K
+8.4%
4 $353.7K$430K
+21.6%
5+ $1.0M$346K
-67.4%

Median Sold Price Compared To Nearby Cities

Chattanooga
+16.1%
Soddy-Daisy
+5.8%

How many homes are available in Soddy-Daisy, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
7669-9.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 64
-33.3%
3 5146
-9.8%
4 1617
+6.3%
5+ 10
-100.0%

Number of Homes Sold

Sep 2022Oct 2022%
2915-48.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Soddy-Daisy, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days44 Days+216.7%

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in Soddy-Daisy has remained consistent over time.

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

About Soddy-Daisy, TN

Number of homes for sale in Soddy-Daisy, TN real estate market have reached 69. The inventory of homes for sale in Soddy-Daisy, TN between September 2022 and October 2022 decreased by 9.2%. While the average time on the market in October 2022 was 44 days, the median list price was $275,000. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 22.5%, the cost of 3 bedrooms properties went up by 8.4%, 4 bedrooms properties prices increased by 21.6%, 5 bedrooms properties prices decreased by 67.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 33.3%, number of 3 bedrooms homes decreased by 9.8%, the quantity of 4 bedrooms homes went up by 6.3%, the quantity of 5 bedrooms homes went down by 100%. In October 2022 more than 2 listings in Soddy-Daisy, TN were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 7 were sold below.

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