$3,313 Closing Credit*
$279,000
1,188 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams 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 October 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
$268,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.9%)
Key Takeaway
Homes in East Ridge have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in East Ridge was $268,000 in October 2024, up 1.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.1K | $50K | -47.4% |
| 2 Bedrooms | $215K | $225K | +4.7% |
| 3 Bedrooms | $266.8K | $268K | 0.4% |
| 4 Bedrooms | $350K | $327.5K | -6.4% |
| 5+ Bedrooms | $385K | $511.2K | +32.8% |
Summary: East Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Chattanooga | $319.5K | $329.3K | +3.1% |
| Rossville-Beverly Hills | $200K | $206K | +3.0% |
| Boynton Ridge | $345K | $355K | +2.9% |
| Fort Oglethorpe-Lakeview | $240K | $245K | +2.1% |
| East Ridge | $263K | $268K | +1.9% |
Housing Supply in East Ridge, TN
How many homes are available in East Ridge, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 158 | +13.7% |
Summary: The East Ridge real estate market had 158 homes for sale in October 2024, a 13.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 33 | +22.2% |
| 3 Bedrooms | 75 | 80 | +6.7% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The East Ridge 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 increased by 22.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 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. 41.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in East Ridge in October 2024, up by 3.2% month-over-month. Of the 31 sold homes, 42% were sold under asking, 35% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 19 Days | -12.3% |
Summary: Homes in East Ridge had an average of 19 days on market in Oct 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were 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 October 2024, 32 homes were sold in East Ridge; 34% of homes were sold within 30 days, 9% 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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