Is Coffee 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, Coffee County has remained a Seller's Market.
Key Takeaway
Coffee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coffee County, TN
How much do homes in Coffee County, TN cost?
Median Sold Price
$299,509
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coffee County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Coffee County was $299,509 in April 2024, up 3.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360.2K | $68.5K | -81.0% |
| 2 Bedrooms | $152K | $213.2K | +40.3% |
| 3 Bedrooms | $279.9K | $295.5K | +5.6% |
| 4 Bedrooms | $399.9K | $397.5K | -0.6% |
| 5+ Bedrooms | $545.7K | $446.5K | -18.2% |
Summary: Coffee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 81%, 2 bedroom homes increased by 40.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Counties
| Grundy County | $280K | $335K | +19.6% |
| Coffee County | $288.2K | $299.5K | +3.9% |
| Franklin County | $289.2K | $299.9K | +3.7% |
| Bedford County | $305K | $315.1K | +3.3% |
Housing Supply in Coffee County, TN
How many homes are available in Coffee County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 303 | 292 | -3.6% |
Summary: The Coffee County real estate market had 292 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 193 | 178 | -7.8% |
| 4 Bedrooms | 66 | 71 | +7.6% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Coffee County 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 decreased by 3.2%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coffee County, expect to pay close to the asking price. 42.6% of homes here sold near the asking price last month.
Summary: A total of 61 homes were sold or pending in Coffee County in April 2024, down by 10.3% month-over-month. Of the 61 sold homes, 39% were sold under asking, 43% were sold at asking, and 18% were sold over asking.
Days on Market for Coffee County, TN
How long does it take to sell a home in Coffee County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 52 Days | +3.2% |
Summary: Homes in Coffee County had an average of 52 days on market in Apr 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coffee County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 61 homes were sold in Coffee County; 57% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.