Is Soddy-Daisy, 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, 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.
Housing Prices in Soddy-Daisy, TN
How much do homes in Soddy-Daisy, TN cost?
Median Sold Price
$299,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Soddy-Daisy have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Soddy-Daisy was $299,500 in March 2024, up 5.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.5K | - | N/A |
| 2 Bedrooms | $182.5K | $209K | +14.5% |
| 3 Bedrooms | $285K | $340K | +19.3% |
| 4 Bedrooms | $453K | $400K | -11.7% |
| 5+ Bedrooms | $375K | $632.5K | +68.7% |
Summary: Soddy-Daisy 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 14.5%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 68.7%.
Median Sold Price Compared To Nearby Cities
| Soddy-Daisy | $285K | $299.5K | +5.1% |
| Chattanooga | $310.7K | $325.3K | +4.7% |
Housing Supply in Soddy-Daisy, TN
How many homes are available in Soddy-Daisy, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 50 | -12.3% |
Summary: The Soddy-Daisy real estate market had 50 homes for sale in March 2024, a 12.3% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Soddy-Daisy 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 decreased by 27.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Soddy-Daisy, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Soddy-Daisy in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Soddy-Daisy, TN
How long does it take to sell a home in Soddy-Daisy, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Days | 48 Days | +3740.0% |
Summary: Homes in Soddy-Daisy had an average of 48 days on market in Mar 2024, up by 3740% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Soddy-Daisy are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Soddy-Daisy; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.