Is Harrison Bay, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrison Bay is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Harrison Bay has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Harrison Bay, TN

How much do homes in Harrison Bay, TN cost?

Median Sold Price

$415,900

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$24,100(-5.5%)

Key Takeaway

Homes in Harrison Bay have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in Harrison Bay was $415,900 in November 2024, down 5.5% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $220K$422.5K
+92.0%
3 $372.5K$361.5K
-3.0%
4 $549.5K$586.5K
+6.7%
5+ $587.5K$690K
+17.4%

Summary: Harrison Bay 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 92%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Neighborhoods

Middle Valley
+11.8%
Ooltewah / Summit
+4.0%
Dallas Bay / Lakeside
+2.4%
Harrison Bay
-5.5%

Housing Supply in Harrison Bay, TN

How many homes are available in Harrison Bay, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4137-9.8%

Summary: The Harrison Bay real estate market had 37 homes for sale in November 2024, a 9.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 2319
-17.4%
4 1111
0.0%
5+ 45
+25.0%

Summary: The Harrison Bay 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 33.3%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harrison Bay, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Harrison Bay in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Harrison Bay, TN

How long does it take to sell a home in Harrison Bay, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
86 Days77 Days-10.6%

Summary: Homes in Harrison Bay had an average of 77 days on market in Nov 2024, down by 10.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Harrison Bay; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in Harrison Bay, TN

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