Is Southside, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southside is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Southside was a Neutral Market.

Key Takeaway

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

Housing Prices in Southside, TN

How much do homes in Southside, TN cost?

Median Sold Price

$414,950

$292/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$200,050(-32.5%)

Key Takeaway

Homes in Southside have sold for 32.5% less than they did a month ago.

Summary: The median home sold price in Southside was $414,950 in March 2024, down 32.5% from last month, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 -$414.9K
N/A
4 $615K-
N/A
5+ --
N/A

Summary: Southside housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cunningham
-13.6%
Southside
-32.5%

Housing Supply in Southside, TN

How many homes are available in Southside, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
75-28.6%

Summary: The Southside real estate market had 5 homes for sale in March 2024, a 28.6% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 20
-100.0%
5+ 00
0.0%

Summary: The Southside 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southside, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Southside in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Southside, TN

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

Average Sale Time

Feb 2024Mar 2024CHANGE
10 Days2 Days-75.0%

Summary: Homes in Southside had an average of 2 days on market in Mar 2024, down by 75% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southside are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Southside; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Southside, TN

Nearby Markets to Southside, TN

What housing markets are near Southside, TN?