Housing Prices in South Broad, TN
How much do homes in South Broad, TN cost?
Median List Price
$417,500
$234/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in South Broad has increased by 4.4% since last year.
Summary: The median home list price in South Broad was $417,500 in April 2024, up 4.4% from the previous year, and the median price per square foot was $234.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.7K | $305K | +2.5% |
| 2 Bedrooms | $319.4K | $399K | +24.9% |
| 3 Bedrooms | $560K | $422.4K | -24.6% |
| 4 Bedrooms | $450K | $450K | 0.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: South Broad housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 24.9%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Neighborhoods
| South Broad | $400K | $417.5K | +4.4% |
| Southside | $425K | $432.2K | +1.7% |
| South Chattanooga | $257.6K | $239.9K | -6.9% |
| Downtown Chattanooga | $489.6K | $455K | -7.1% |
Housing Supply in South Broad, TN
How many homes are available in South Broad, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Summary: The South Broad real estate market had 6 homes for sale in April 2024, a 50.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Broad housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for South Broad, TN
How long does it take to sell a home in South Broad, TN?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 384 Days | 776 Days | +101.9% |
Summary: Homes in South Broad had an average listing age of 776 days in Apr 2024, up by 101.9% compared to the previous year.
