Is Ooltewah, 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, Ooltewah has remained a Seller's Market.
Housing Prices in Ooltewah, TN
How much do homes in Ooltewah, TN cost?
Median Sold Price
$465,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ooltewah was $465,000 in April 2024, up 8.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | - | N/A |
2 Bedrooms | $322.5K | $335K | +3.9% |
3 Bedrooms | $372.8K | $389.5K | +4.5% |
4 Bedrooms | $475K | $502.8K | +5.9% |
5+ Bedrooms | $616.5K | $640K | +3.8% |
Summary: Ooltewah 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 3.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Catoosa Springs | $254K | $275K | +8.3% |
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 Ooltewah, TN
How many homes are available in Ooltewah, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
285 | 305 | +7.0% |
Summary: The Ooltewah real estate market had 305 homes for sale in April 2024, a 7.0% 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 | 12 | 10 | -16.7% |
3 Bedrooms | 127 | 130 | +2.4% |
4 Bedrooms | 104 | 125 | +20.2% |
5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The Ooltewah 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 16.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 64 | -1.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Ooltewah in April 2024, down by 1.5% month-over-month. Of the 64 sold homes, 39% were sold under asking, 45% were sold at asking, and 16% were sold over asking.
Days on Market for Ooltewah, TN
How long does it take to sell a home in Ooltewah, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 45 Days | +24.0% |
Summary: Homes in Ooltewah had an average of 45 days on market in Apr 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in Ooltewah; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.