April 2024

South Ridge Housing Market Report Montgomery County, Tennessee

Report Updated 18 Days Ago

Housing Prices in South Ridge, TN

How much do homes in South Ridge, TN cost?

Median List Price

$459,000

$187/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

+$26,550(+6.1%)

Key Takeaway

The list price of homes in South Ridge has increased by 6.1% since last year.

Summary: The median home list price in South Ridge was $459,000 in April 2024, up 6.1% from the previous year, and the median price per square foot was $187.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Apr 2023	Apr 2024	CHANGE
1 Bedroom	-	-	N/A
2 Bedrooms	-	-	N/A
3 Bedrooms	$409.5K	$372.2K	-9.1%
4 Bedrooms	$434.9K	$459K	+5.5%
5+ Bedrooms	$510K	$652.5K	+27.9%

Summary: South Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 27.9%.

Housing Supply in South Ridge, TN

How many homes are available in South Ridge, TN?

Number of Homes For Sale

Mar 2024	Apr 2024	CHANGE
2	5	+150.0%

Summary: The South Ridge real estate market had 5 homes for sale in April 2024, a 150.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Mar 2024	Apr 2024	CHANGE
1 Bedroom	0	0	0.0%
2 Bedrooms	0	0	0.0%
3 Bedrooms	0	1	+100.0%
4 Bedrooms	2	3	+50.0%
5+ Bedrooms	0	1	+100.0%

Summary: The South Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Days on Market for South Ridge, TN

How long does it take to sell a home in South Ridge, TN?

Average Listing Age

Apr 2023	Apr 2024	CHANGE
76 Days	28 Days	-62.1%

Summary: Homes in South Ridge had an average listing age of 28 days in Apr 2024, down by 62.1% compared to the previous year.

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

Report Updated 18 Days Ago

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Newest Listings in South Ridge, TN

Nearby Markets to South Ridge, TN

MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS for the period 05/01/2022 - 05/01/2024

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX © 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/18/2024, 11:18:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.