Is Westview / Mountain Shadows, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westview / Mountain Shadows is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Westview / Mountain Shadows has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Westview / Mountain Shadows, TN

How much do homes in Westview / Mountain Shadows, TN cost?

Median Sold Price

$399,900

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$11,600(-2.8%)

Key Takeaway

Homes in Westview / Mountain Shadows have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Westview / Mountain Shadows was $399,900 in April 2024, down 2.8% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$157K
N/A
2 $290K$337.4K
+16.4%
3 $371.2K$370.5K
-0.2%
4 $425K$410K
-3.5%
5+ $620.9K$605K
-2.6%

Summary: Westview / Mountain Shadows 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 16.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 2.6%.

Housing Supply in Westview / Mountain Shadows, TN

How many homes are available in Westview / Mountain Shadows, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5864+10.3%

Summary: The Westview / Mountain Shadows real estate market had 64 homes for sale in April 2024, a 10.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 2426
+8.3%
4 2227
+22.7%
5+ 88
0.0%

Summary: The Westview / Mountain Shadows 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 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westview / Mountain Shadows, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Westview / Mountain Shadows in April 2024, up by 61.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Westview / Mountain Shadows, TN

How long does it take to sell a home in Westview / Mountain Shadows, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days41 Days+118.3%

Summary: Homes in Westview / Mountain Shadows had an average of 41 days on market in Apr 2024, up by 118.3% compared to last year.

Breakdown of Home Sale Times

4 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

Many homes in Westview / Mountain Shadows are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 21 homes were sold in Westview / Mountain Shadows; 19% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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 Apr 1, 2024

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MLS Disclaimers and Copyright

Based on information from Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., and RealTracs Middle Tennessee Regional MLS for the period 05/01/2022 - 05/01/2024

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 1:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 1:18:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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