Is Riverview / Stuart Heights, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Riverview / Stuart Heights was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $107.6K | -36.7% |
2 Bedrooms | $339K | $320K | -5.6% |
3 Bedrooms | $386K | $495K | +28.2% |
4 Bedrooms | $750K | $956.2K | +27.5% |
5+ Bedrooms | $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 | $430K | $612K | +42.3% |
Manchester Park | $252.5K | $346K | +37.0% |
Amnicola / East Chattanooga | $164K | $195K | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 76 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 20 | 18 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
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 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 36 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
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.