Is Amnicola / East Chattanooga, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Amnicola / East Chattanooga is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Amnicola / East Chattanooga was a Seller's Market.

Key Takeaway

Amnicola / East Chattanooga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Amnicola / East Chattanooga, TN

How much do homes in Amnicola / East Chattanooga, TN cost?

Median Sold Price

$197,250

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+2.1%)

Key Takeaway

Homes in Amnicola / East Chattanooga have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Amnicola / East Chattanooga was $197,250 in October 2024, up 2.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$165K
+106.3%
2 $85K$107K
+25.9%
3 $203.5K$225K
+10.6%
4 $236.5K$249K
+5.3%
5+ $360K$479K
+33.1%

Summary: Amnicola / East Chattanooga housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.3%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 33.1%.

Housing Supply in Amnicola / East Chattanooga, TN

How many homes are available in Amnicola / East Chattanooga, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6361-3.2%

Summary: The Amnicola / East Chattanooga real estate market had 61 homes for sale in October 2024, a 3.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1112
+9.1%
3 3838
0.0%
4 96
-33.3%
5+ 44
0.0%

Summary: The Amnicola / East Chattanooga housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Amnicola / East Chattanooga, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Amnicola / East Chattanooga in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Amnicola / East Chattanooga, TN

How long does it take to sell a home in Amnicola / East Chattanooga, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days35 Days+153.0%

Summary: Homes in Amnicola / East Chattanooga had an average of 35 days on market in Oct 2024, up by 153% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Amnicola / East Chattanooga are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Amnicola / East Chattanooga; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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