Is Bradley County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bradley County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Bradley County has remained a Seller's Market.

Key Takeaway

Bradley County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bradley County, TN

How much do homes in Bradley County, TN cost?

Median Sold Price

$322,223

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,656(+6.8%)

Key Takeaway

Homes in Bradley County have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Bradley County was $322,223 in November 2024, up 6.8% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $52K$128K
+146.2%
2 $229K$235K
+2.6%
3 $282.6K$305K
+7.9%
4 $399.9K$399.4K
-0.1%
5+ $465K$460K
-1.1%

Summary: Bradley County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 146.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Counties

Meigs County
+24.8%
Bradley County
+6.8%
Hamilton County
+6.3%
McMinn County
+3.1%
Polk County
-3.4%

Housing Supply in Bradley County, TN

How many homes are available in Bradley County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
699623-10.9%

Summary: The Bradley County real estate market had 623 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4132
-22.0%
2 131121
-7.6%
3 325305
-6.2%
4 159126
-20.8%
5+ 4339
-9.3%

Summary: The Bradley County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 9.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
125107-14.4%

Asking Price vs. Sold Price

68 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bradley County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Bradley County in November 2024, down by 14.4% month-over-month. Of the 107 sold homes, 64% were sold under asking, 13% were sold at asking, and 23% were sold over asking.

Days on Market for Bradley County, TN

How long does it take to sell a home in Bradley County, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days59 Days+40.2%

Summary: Homes in Bradley County had an average of 59 days on market in Nov 2024, up by 40.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bradley County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 107 homes were sold in Bradley County; 26% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% 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 20 Days Ago

Newest Listings in Bradley County, TN

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