Is Stuart Heights, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stuart Heights is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Stuart Heights has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Stuart Heights, TN

How much do homes in Stuart Heights, TN cost?

Median Sold Price

$500,000

$247/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$50,000(+11.1%)

Key Takeaway

Homes in Stuart Heights have sold for 11.1% more than they did a month ago.

Summary: The median home sold price in Stuart Heights was $500,000 in April 2024, up 11.1% from last month, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $450K$335K
-25.6%
4 -$500K
N/A
5+ --
N/A

Summary: Stuart Heights housing prices by bedroom type for April 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 decreased by 25.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Stuart Heights, TN

How many homes are available in Stuart Heights, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1614-12.5%

Summary: The Stuart Heights real estate market had 14 homes for sale in April 2024, a 12.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 106
-40.0%
4 46
+50.0%
5+ 22
0.0%

Summary: The Stuart Heights 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 decreased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stuart Heights, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Stuart Heights in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Stuart Heights, TN

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

Average Sale Time

Mar 2024Apr 2024CHANGE
4 Days63 Days+1311.1%

Summary: Homes in Stuart Heights had an average of 63 days on market in Apr 2024, up by 1311.1% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in Stuart Heights; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 19 Days Ago

Newest Listings in Stuart Heights, TN

Nearby Markets to Stuart Heights, TN