Is Strawberry Plains, 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, Strawberry Plains has remained a Seller's Market.
Key Takeaway
Strawberry Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Strawberry Plains, TN
How much do homes in Strawberry Plains, TN cost?
Median Sold Price
$366,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Strawberry Plains have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Strawberry Plains was $366,500 in May 2024, up 16.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $101.5K | N/A |
| 2 Bedrooms | $161.2K | $245K | +51.9% |
| 3 Bedrooms | $290K | $365K | +25.9% |
| 4 Bedrooms | $429K | $438.5K | +2.2% |
| 5+ Bedrooms | $447K | - | N/A |
Summary: Strawberry Plains housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Housing Supply in Strawberry Plains, TN
How many homes are available in Strawberry Plains, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 47 | +6.8% |
Summary: The Strawberry Plains real estate market had 47 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Strawberry Plains housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Strawberry Plains, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Strawberry Plains in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Strawberry Plains, TN
How long does it take to sell a home in Strawberry Plains, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 79 Days | +339.4% |
Summary: Homes in Strawberry Plains had an average of 79 days on market in May 2024, up by 339.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Strawberry Plains are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Strawberry Plains; 38% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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®.