Is North Chattanooga / Hill City, 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, North Chattanooga / Hill City has remained a Buyer's Market.
Housing Prices in North Chattanooga / Hill City, TN
How much do homes in North Chattanooga / Hill City, TN cost?
Median Sold Price
$515,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Chattanooga / Hill City was $515,000 in April 2024, up 6.2% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $302.5K | $305K | +0.8% |
2 Bedrooms | $375K | $460K | +22.7% |
3 Bedrooms | $549K | $585K | +6.6% |
4 Bedrooms | $737.5K | $660K | -10.5% |
5+ Bedrooms | $750K | $949.2K | +26.6% |
Summary: North Chattanooga / Hill City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Neighborhoods
North Chattanooga / Hill City | $485K | $515K | +6.2% |
Northside / Cherokee | $548.7K | $482.2K | -12.1% |
Housing Supply in North Chattanooga / Hill City, TN
How many homes are available in North Chattanooga / Hill City, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 122 | +3.4% |
Summary: The North Chattanooga / Hill City real estate market had 122 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 24 | 31 | +29.2% |
3 Bedrooms | 51 | 50 | -2.0% |
4 Bedrooms | 28 | 24 | -14.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The North Chattanooga / Hill City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 29.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 14 | -46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in North Chattanooga / Hill City in April 2024, down by 46.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for North Chattanooga / Hill City, TN
How long does it take to sell a home in North Chattanooga / Hill City, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 57 Days | -6.9% |
Summary: Homes in North Chattanooga / Hill City had an average of 57 days on market in Apr 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in North Chattanooga / Hill City; 21% 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.