$7,125 Closing Credit*
$600,000
2,501 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Real Estate Partners Chattanooga LLC
Is East Brainerd, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Brainerd has remained a Seller's Market.
Key Takeaway
East Brainerd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Brainerd, TN
How much do homes in East Brainerd, TN cost?
Median Sold Price
$419,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,620(+4.1%)
Key Takeaway
Homes in East Brainerd have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in East Brainerd was $419,000 in October 2024, up 4.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | - | N/A |
| 2 Bedrooms | $288K | $315K | +9.4% |
| 3 Bedrooms | $375K | $350K | -6.7% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $608.5K | $562.5K | -7.6% |
Summary: East Brainerd housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Hickory Valley / Hamilton Place | $346K | $365K | +5.5% |
| East Brainerd | $402.3K | $419K | +4.1% |
Housing Supply in East Brainerd, TN
How many homes are available in East Brainerd, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 92 | +7.0% |
Summary: The East Brainerd real estate market had 92 homes for sale in October 2024, a 7.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 29 | 36 | +24.1% |
| 4 Bedrooms | 39 | 40 | +2.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The East Brainerd 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 decreased by 22.2%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Brainerd, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in East Brainerd in October 2024, up by 22.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 45% were sold at asking, and 23% were sold over asking.
Days on Market for East Brainerd, TN
How long does it take to sell a home in East Brainerd, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 10 Days | -76.7% |
Summary: Homes in East Brainerd had an average of 10 days on market in Oct 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Brainerd are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in East Brainerd; 41% of homes were sold within 30 days, 0% 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.
© 2024 of the REALTRACS MLS. All rights Reserved.