Is Bradley County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bradley County has remained a Seller's Market.
Housing Prices in Bradley County, TN
How much do homes in Bradley County, TN cost?
Median Sold Price
$309,225
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bradley County was $309,225 in April 2024, up 5.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $72.5K | +141.7% |
2 Bedrooms | $212.5K | $229K | +7.8% |
3 Bedrooms | $279.5K | $294.9K | +5.5% |
4 Bedrooms | $399.9K | $403.7K | +1.0% |
5+ Bedrooms | $520K | $485K | -6.7% |
Summary: Bradley County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Counties
Bradley County | $294.2K | $309.2K | +5.1% |
McMinn County | $239.9K | $248.1K | +3.4% |
Hamilton County | $348.4K | $355.9K | +2.2% |
Polk County | $279.4K | $280K | 0.2% |
Meigs County | $325.1K | $325K | 0% |
Housing Supply in Bradley County, TN
How many homes are available in Bradley County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
536 | 584 | +9.0% |
Summary: The Bradley County real estate market had 584 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 69 | 73 | +5.8% |
3 Bedrooms | 276 | 299 | +8.3% |
4 Bedrooms | 137 | 150 | +9.5% |
5+ Bedrooms | 52 | 61 | +17.3% |
Summary: The Bradley County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 17.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 125 | +30.2% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Bradley County in April 2024, up by 30.2% month-over-month. Of the 125 sold homes, 54% were sold under asking, 26% were sold at asking, and 20% were sold over asking.
Days on Market for Bradley County, TN
How long does it take to sell a home in Bradley County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 51 Days | +41.7% |
Summary: Homes in Bradley County had an average of 51 days on market in Apr 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 125 homes were sold in Bradley County; 14% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.