$3,680 Closing Credit*
$309,900
1,250 SqFt
3 Beds
•2 Full Baths
Whitney Harvey, Listing Office: Real Estate Partners Chattanooga, LLC
Is Bakewell, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Bakewell has remained a Seller's Market.
Key Takeaway
Bakewell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bakewell, TN
How much do homes in Bakewell, TN cost?
Median Sold Price
$482,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$67,500(+16.3%)
Key Takeaway
Homes in Bakewell have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Bakewell was $482,500 in December 2024, up 16.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192K | $215K | +12.0% |
| 2 Bedrooms | $219K | $271.5K | +24.0% |
| 3 Bedrooms | $335K | $384.9K | +14.9% |
| 4 Bedrooms | $626.5K | $665K | +6.1% |
| 5+ Bedrooms | $669K | $708.8K | +6.0% |
Summary: Bakewell housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| Bakewell | $415K | $482.5K | +16.3% |
| Walden / Mowbray / Flat Top Mountain | $650K | $712.2K | +9.6% |
| Birchwood | $379.9K | $415K | +9.2% |
| Dallas Bay / Lakeside | $335K | $350K | +4.5% |
Housing Supply in Bakewell, TN
How many homes are available in Bakewell, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 84 | 72 | -14.3% |
Summary: The Bakewell real estate market had 72 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 43 | 37 | -14.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Bakewell housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bakewell, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Bakewell in December 2024, down by 11.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Bakewell, TN
How long does it take to sell a home in Bakewell, TN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 89 Days | 23 Days | -73.4% |
Summary: Homes in Bakewell had an average of 23 days on market in Dec 2024, down by 73.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bakewell are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Bakewell; 13% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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