Is South Pittsburg, 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, South Pittsburg has remained a Seller's Market.
Housing Prices in South Pittsburg, TN
How much do homes in South Pittsburg, TN cost?
Median Sold Price
$210,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Pittsburg was $210,500 in March 2024, up 10.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $153.5K | $179K | +16.6% |
3 Bedrooms | $195K | $244K | +25.1% |
4 Bedrooms | $239K | $653.5K | +173.4% |
5+ Bedrooms | - | - | N/A |
Summary: South Pittsburg 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 16.6%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 173.4%, and 5+ bedroom homes did not change.
Housing Supply in South Pittsburg, TN
How many homes are available in South Pittsburg, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Summary: The South Pittsburg real estate market had 32 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Pittsburg 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Pittsburg in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for South Pittsburg, TN
How long does it take to sell a home in South Pittsburg, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
131 Days | 112 Days | -14.5% |
Summary: Homes in South Pittsburg had an average of 112 days on market in Mar 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in South Pittsburg; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.