$110,000
22.85 Acres
Land
Stacey Springer, Listing Office: Coldwell Banker Southern Realty
Is Iron City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Iron City was a Seller's Market.
Key Takeaway
Iron City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Iron City, TN
How much do homes in Iron City, TN cost?
Median Sold Price
$490,000
$174/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$314,000(+178.4%)
Key Takeaway
Homes in Iron City have sold for 178.4% more than they did a month ago.
Summary: The median home sold price in Iron City was $490,000 in September 2024, up 178.4% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | - | N/A |
| 3 Bedrooms | $182K | $490K | +169.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Iron City housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 169.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Iron City | $176K | $490K | +178.4% |
| Iron City | $176K | $490K | +178.4% |
Housing Supply in Iron City, TN
How many homes are available in Iron City, TN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Iron City real estate market had 9 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Iron City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iron City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Iron City in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Iron City, TN
How long does it take to sell a home in Iron City, TN?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 67 Days | +396.3% |
Summary: Homes in Iron City had an average of 67 days on market in Sep 2024, up by 396.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Iron City has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Iron City; 0% of homes were sold within 30 days, 100% 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.