Is Lake Catherine, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Catherine is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Lake Catherine was a Seller's Market.

Key Takeaway

Lake Catherine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake Catherine, TN

How much do homes in Lake Catherine, TN cost?

Median Sold Price

$291,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,000(+8.2%)

Key Takeaway

Homes in Lake Catherine have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Lake Catherine was $291,000 in December 2024, up 8.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $222K$242.5K
+9.2%
3 $296K$319.9K
+8.1%
4 $262K-
N/A
5+ --
N/A

Summary: Lake Catherine housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Lake Catherine
+8.2%
Canterbury
+7.9%

Housing Supply in Lake Catherine, TN

How many homes are available in Lake Catherine, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1916-15.8%

Summary: The Lake Catherine real estate market had 16 homes for sale in December 2024, a 15.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1211
-8.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Lake Catherine housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Catherine, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lake Catherine in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lake Catherine, TN

How long does it take to sell a home in Lake Catherine, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days0 Days-98.4%

Summary: Homes in Lake Catherine had an average of 0 days on market in Dec 2024, down by 98.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Lake Catherine; 100% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Lake Catherine, TN

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