Is Mountain Creek / Moccasin Bend, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Creek / Moccasin Bend is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mountain Creek / Moccasin Bend has remained a Seller's Market.

Key Takeaway

Mountain Creek / Moccasin Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mountain Creek / Moccasin Bend, TN

How much do homes in Mountain Creek / Moccasin Bend, TN cost?

Median Sold Price

$300,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$42,000(-12.3%)

Key Takeaway

Homes in Mountain Creek / Moccasin Bend have sold for 12.3% less than they did a year ago.

Summary: The median home sold price in Mountain Creek / Moccasin Bend was $300,000 in November 2024, down 12.3% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $118K$112K
-5.1%
2 $170K$182.5K
+7.4%
3 $378K$410K
+8.5%
4 $452.5K$600K
+32.6%
5+ $733K$549.8K
-25.0%

Summary: Mountain Creek / Moccasin Bend housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Neighborhoods

North Chattanooga / Hill City
+7.3%
Mountain Creek / Moccasin Bend
-12.3%

Housing Supply in Mountain Creek / Moccasin Bend, TN

How many homes are available in Mountain Creek / Moccasin Bend, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9583-12.6%

Summary: The Mountain Creek / Moccasin Bend real estate market had 83 homes for sale in November 2024, a 12.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 97
-22.2%
2 4036
-10.0%
3 3123
-25.8%
4 1214
+16.7%
5+ 33
0.0%

Summary: The Mountain Creek / Moccasin Bend housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2022+10.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 22 homes were sold or pending in Mountain Creek / Moccasin Bend in November 2024, up by 10.0% month-over-month. Of the 22 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Mountain Creek / Moccasin Bend, TN

How long does it take to sell a home in Mountain Creek / Moccasin Bend, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days39 Days-20.6%

Summary: Homes in Mountain Creek / Moccasin Bend had an average of 39 days on market in Nov 2024, down by 20.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mountain Creek / Moccasin Bend are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in Mountain Creek / Moccasin Bend; 18% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% 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

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