Is Riverview / Stuart Heights, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverview / Stuart Heights is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Riverview / Stuart Heights was a Neutral Market.

Key Takeaway

Riverview / Stuart Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riverview / Stuart Heights, TN

How much do homes in Riverview / Stuart Heights, TN cost?

Median Sold Price

$612,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$182,000(+42.3%)

Key Takeaway

Homes in Riverview / Stuart Heights have sold for 42.3% more than they did a year ago.

Summary: The median home sold price in Riverview / Stuart Heights was $612,000 in April 2024, up 42.3% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $170K$107.6K
-36.7%
2 $339K$320K
-5.6%
3 $386K$495K
+28.2%
4 $750K$956.2K
+27.5%
5+ $975K$1.1M
+19.5%

Summary: Riverview / Stuart Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 19.5%.

Median Sold Price Compared To Nearby Neighborhoods

Riverview / Stuart Heights
+42.3%
Manchester Park
+37.0%
Amnicola / East Chattanooga
+18.9%

Housing Supply in Riverview / Stuart Heights, TN

How many homes are available in Riverview / Stuart Heights, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6976+10.1%

Summary: The Riverview / Stuart Heights real estate market had 76 homes for sale in April 2024, a 10.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 1826
+44.4%
4 2023
+15.0%
5+ 2018
-10.0%

Summary: The Riverview / Stuart Heights 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 18.2%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
15150.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverview / Stuart Heights, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Riverview / Stuart Heights in April 2024, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.

Days on Market for Riverview / Stuart Heights, TN

How long does it take to sell a home in Riverview / Stuart Heights, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
14 Days36 Days+162.5%

Summary: Homes in Riverview / Stuart Heights had an average of 36 days on market in Apr 2024, up by 162.5% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverview / Stuart Heights are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 15 homes were sold in Riverview / Stuart Heights; 20% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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