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 October 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

$299,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$43,000(-12.6%)

Key Takeaway

Homes in Mountain Creek / Moccasin Bend have sold for 12.6% less than they did a year ago.

Summary: The median home sold price in Mountain Creek / Moccasin Bend was $299,000 in October 2024, down 12.6% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $118K$111.9K
-5.2%
2 $171K$180K
+5.3%
3 $378K$405K
+7.1%
4 $455K$584.9K
+28.5%
5+ $741K$630K
-15.0%

Summary: Mountain Creek / Moccasin Bend housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Neighborhoods

North Chattanooga / Hill City
+4.0%
Mountain Creek / Moccasin Bend
-12.6%

Housing Supply in Mountain Creek / Moccasin Bend, TN

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8795+9.2%

Summary: The Mountain Creek / Moccasin Bend real estate market had 95 homes for sale in October 2024, a 9.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1312
-7.7%
2 3138
+22.6%
3 3133
+6.5%
4 1010
0.0%
5+ 22
0.0%

Summary: The Mountain Creek / Moccasin Bend housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1218+50.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 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. 72.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Mountain Creek / Moccasin Bend in October 2024, up by 50.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% 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

Oct 2023Oct 2024CHANGE
24 Days77 Days+217.1%

Summary: Homes in Mountain Creek / Moccasin Bend had an average of 77 days on market in Oct 2024, up by 217.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mountain Creek / Moccasin Bend has remained consistent over time.

Summary: During October 2024, 18 homes were sold in Mountain Creek / Moccasin Bend; 6% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 16 Days Ago

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