Is Hamilton 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, Hamilton County has remained a Seller's Market.
Housing Prices in Hamilton County, TN
How much do homes in Hamilton County, TN cost?
Median Sold Price
$359,526
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton County was $359,526 in May 2024, up 2.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269K | $279.9K | +4.1% |
2 Bedrooms | $234.3K | $254.8K | +8.8% |
3 Bedrooms | $315.1K | $331K | +5.0% |
4 Bedrooms | $449.6K | $472.5K | +5.1% |
5+ Bedrooms | $623K | $653.3K | +4.9% |
Summary: Hamilton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
Marion County | $232K | $290K | +25.0% |
Bradley County | $293.4K | $314.5K | +7.2% |
Catoosa County | $298.5K | $309.2K | +3.6% |
Hamilton County | $350K | $359.5K | +2.7% |
Sequatchie County | $262.5K | $259.9K | -1.0% |
Housing Supply in Hamilton County, TN
How many homes are available in Hamilton County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,379 | 2,569 | +8.0% |
Summary: The Hamilton County real estate market had 2,569 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 81 | 84 | +3.7% |
2 Bedrooms | 382 | 366 | -4.2% |
3 Bedrooms | 1,099 | 1,183 | +7.6% |
4 Bedrooms | 627 | 718 | +14.5% |
5+ Bedrooms | 190 | 218 | +14.7% |
Summary: The Hamilton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
573 | 612 | +6.8% |
Asking Price vs. Sold Price
266 Homes Were Sold
Under Asking
190 Homes Were Sold
At Asking
156 Homes Were Sold
Over Asking
Summary: A total of 612 homes were sold or pending in Hamilton County in May 2024, up by 6.8% month-over-month. Of the 612 sold homes, 43% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for Hamilton County, TN
How long does it take to sell a home in Hamilton County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 26 Days | +30.3% |
Summary: Homes in Hamilton County had an average of 26 days on market in May 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 612 homes were sold in Hamilton County; 11% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.