Is Signal Mountain, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Signal Mountain is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Signal Mountain has remained a Seller's Market.

Key Takeaway

Signal Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Signal Mountain, TN

How much do homes in Signal Mountain, TN cost?

Median Sold Price

$650,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$75,000(+13.0%)

Key Takeaway

Homes in Signal Mountain have sold for 13% more than they did a year ago.

Summary: The median home sold price in Signal Mountain was $650,000 in April 2024, up 13% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$510K
N/A
2 $270K$323.7K
+19.9%
3 $440K$474K
+7.7%
4 $628K$815K
+29.8%
5+ $925K$782.5K
-15.4%

Summary: Signal Mountain 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 19.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes decreased by 15.4%.

Median Sold Price Compared To Nearby Cities

Signal Mountain
+13.0%
Chattanooga
+4.0%

Housing Supply in Signal Mountain, TN

How many homes are available in Signal Mountain, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6865-4.4%

Summary: The Signal Mountain real estate market had 65 homes for sale in April 2024, a 4.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 62
-66.7%
3 1917
-10.5%
4 3837
-2.6%
5+ 48
+100.0%

Summary: The Signal Mountain 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 66.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2115-28.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Signal Mountain, 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 Signal Mountain in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.

Days on Market for Signal Mountain, TN

How long does it take to sell a home in Signal Mountain, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days113 Days+1161.1%

Summary: Homes in Signal Mountain had an average of 113 days on market in Apr 2024, up by 1161.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Signal Mountain has remained consistent over time.

Summary: During April 2024, 15 homes were sold in Signal Mountain; 0% of homes were sold within 30 days, 7% 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 3 Days Ago

Newest Listings in Signal Mountain, TN

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