Is Surgoinsville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Surgoinsville was a Seller's Market.
Housing Prices in Surgoinsville, TN
How much do homes in Surgoinsville, TN cost?
Median Sold Price
$221,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Surgoinsville was $221,500 in March 2024, up 8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | $500K | +233.3% |
3 Bedrooms | $214K | $200K | -6.5% |
4 Bedrooms | $234.5K | $440K | +87.6% |
5+ Bedrooms | $269.5K | - | N/A |
Summary: Surgoinsville 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 233.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 87.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Church Hill | $240K | $260K | +8.3% |
Surgoinsville | $205K | $221.5K | +8.0% |
Housing Supply in Surgoinsville, TN
How many homes are available in Surgoinsville, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The Surgoinsville real estate market had 19 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Surgoinsville 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 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Surgoinsville in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Surgoinsville, TN
How long does it take to sell a home in Surgoinsville, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 75 Days | -19.0% |
Summary: Homes in Surgoinsville had an average of 75 days on market in Mar 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Surgoinsville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.