$4,572 Closing Credit*
$385,000
1,871 SqFt
3 Beds
•2 Full Baths, 1 Partial
Braden Mileham, Listing Office: Blue Suede Realty
Is East Ridge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Ridge has remained a Seller's Market.
Key Takeaway
East Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Ridge, TN
How much do homes in East Ridge, TN cost?
Median Sold Price
$270,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.8%)
Key Takeaway
Homes in East Ridge have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in East Ridge was $270,000 in November 2024, up 3.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.1K | $50K | -47.4% |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $265K | $270K | +1.9% |
| 4 Bedrooms | $350.7K | $317K | -9.6% |
| 5+ Bedrooms | $359.9K | $511.2K | +42.0% |
Summary: East Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 42%.
Median Sold Price Compared To Nearby Cities
| East Ridge | $260K | $270K | +3.8% |
| Rossville-Beverly Hills | $199.9K | $207.3K | +3.7% |
| Chattanooga | $320.3K | $330K | +3.0% |
| Boynton Ridge | $346.9K | $350.5K | +1.0% |
| Fort Oglethorpe-Lakeview | $249.9K | $245K | -2.0% |
Housing Supply in East Ridge, TN
How many homes are available in East Ridge, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 159 | 144 | -9.4% |
Summary: The East Ridge real estate market had 144 homes for sale in November 2024, a 9.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 35 | 28 | -20.0% |
| 3 Bedrooms | 82 | 71 | -13.4% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Ridge 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 decreased by 20%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Ridge, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in East Ridge in November 2024, down by 15.6% month-over-month. Of the 27 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for East Ridge, TN
How long does it take to sell a home in East Ridge, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 19 Days | -23.8% |
Summary: Homes in East Ridge had an average of 19 days on market in Nov 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
10 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 East Ridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in East Ridge; 37% of homes were sold within 30 days, 4% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.