Is Collegedale, 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, Collegedale has remained a Seller's Market.
Key Takeaway
Collegedale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Collegedale, TN
How much do homes in Collegedale, TN cost?
Median Sold Price
$408,995
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Collegedale have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Collegedale was $408,995 in April 2024, down 2.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315.5K | $359.9K | +14.1% |
| 3 Bedrooms | $399K | $388K | -2.8% |
| 4 Bedrooms | $400.9K | $480K | +19.7% |
| 5+ Bedrooms | $532.9K | $585K | +9.8% |
Summary: Collegedale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Ooltewah | $430K | $465K | +8.1% |
| Chattanooga | $314.5K | $327.2K | +4.0% |
| Collegedale | $420K | $408.9K | -2.6% |
| Mc Donald | $527.5K | $365K | -30.8% |
Housing Supply in Collegedale, TN
How many homes are available in Collegedale, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 49 | +2.1% |
Summary: The Collegedale real estate market had 49 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Collegedale 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collegedale, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Collegedale in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Collegedale, TN
How long does it take to sell a home in Collegedale, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 150 Days | 77 Days | -48.1% |
Summary: Homes in Collegedale had an average of 77 days on market in Apr 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Collegedale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Collegedale; 27% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% 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.