Is Bradley County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bradley County has remained a Seller's Market.
Housing Prices in Bradley County, TN
How much do homes in Bradley County, TN cost?
Median Sold Price
$314,592
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bradley County was $314,592 in May 2024, up 7.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $67.5K | -48.1% |
2 Bedrooms | $220K | $229K | +4.1% |
3 Bedrooms | $280K | $297.7K | +6.4% |
4 Bedrooms | $396.5K | $401.2K | +1.2% |
5+ Bedrooms | $515.2K | $435K | -15.6% |
Summary: Bradley County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Counties
Meigs County | $316.5K | $360.5K | +13.9% |
McMinn County | $232.4K | $253.6K | +9.1% |
Bradley County | $293.4K | $314.5K | +7.2% |
Polk County | $275K | $288K | +4.7% |
Hamilton County | $350K | $359.5K | +2.7% |
Housing Supply in Bradley County, TN
How many homes are available in Bradley County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
584 | 636 | +8.9% |
Summary: The Bradley County real estate market had 636 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 76 | 65 | -14.5% |
3 Bedrooms | 300 | 322 | +7.3% |
4 Bedrooms | 149 | 179 | +20.1% |
5+ Bedrooms | 58 | 66 | +13.8% |
Summary: The Bradley County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 122 | -7.6% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Bradley County in May 2024, down by 7.6% month-over-month. Of the 122 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Bradley County, TN
How long does it take to sell a home in Bradley County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 35 Days | -23.0% |
Summary: Homes in Bradley County had an average of 35 days on market in May 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 122 homes were sold in Bradley County; 20% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.