Is Signal Mountain, 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, Signal Mountain has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $510K | N/A |
2 Bedrooms | $270K | $323.7K | +19.9% |
3 Bedrooms | $440K | $474K | +7.7% |
4 Bedrooms | $628K | $815K | +29.8% |
5+ Bedrooms | $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 | $575K | $650K | +13.0% |
Chattanooga | $314.5K | $327.2K | +4.0% |
Housing Supply in Signal Mountain, TN
How many homes are available in Signal Mountain, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 65 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 38 | 37 | -2.6% |
5+ Bedrooms | 4 | 8 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 15 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 113 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
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.