$1,839 Closing Credit*
$154,900
1,008 SqFt
2 Beds
•1 Full Bath, 1 Partial
#9974366, Dianne Corey, Rachel McMackin, Listing Office: KW Johnson City
Is Bluff City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bluff City was a Buyer's Market.
Key Takeaway
Bluff City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bluff City, TN
How much do homes in Bluff City, TN cost?
Median Sold Price
$318,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+18.7%)
Key Takeaway
Homes in Bluff City have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Bluff City was $318,000 in November 2024, up 18.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $170.4K | $194.7K | +14.3% |
| 3 Bedrooms | $270K | $308K | +14.1% |
| 4 Bedrooms | $408K | $399.6K | -2.0% |
| 5+ Bedrooms | $442.5K | $486.5K | +9.9% |
Summary: Bluff City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Bluff City | $268K | $318K | +18.7% |
| Piney Flats | $413.6K | $454.7K | +9.9% |
| Bristol | $222.7K | $240K | +7.7% |
Housing Supply in Bluff City, TN
How many homes are available in Bluff City, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 50 | -9.1% |
Summary: The Bluff City real estate market had 50 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The Bluff City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bluff City, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bluff City in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Bluff City, TN
How long does it take to sell a home in Bluff City, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -3.1% |
Summary: Homes in Bluff City had an average of 49 days on market in Nov 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bluff City has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Bluff City; 11% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.