$5,759 Closing Credit*
$485,000
1,600 SqFt
2 Beds
•2 Full Baths
Listing Office: Fletcher Bright Realty
Is North Chattanooga / Hill City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, North Chattanooga / Hill City was a Seller's Market.
Key Takeaway
North Chattanooga / Hill City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Chattanooga / Hill City, TN
How much do homes in North Chattanooga / Hill City, TN cost?
Median Sold Price
$525,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,000(+5.0%)
Key Takeaway
Homes in North Chattanooga / Hill City have sold for 5% more than they did a year ago.
Summary: The median home sold price in North Chattanooga / Hill City was $525,000 in December 2024, up 5% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $330K | +8.2% |
| 2 Bedrooms | $432K | $438K | +1.4% |
| 3 Bedrooms | $570K | $570K | 0.0% |
| 4 Bedrooms | $750K | $900K | +20.0% |
| 5+ Bedrooms | $865K | $1.0M | +26.3% |
Summary: North Chattanooga / Hill City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Hill City | $410.5K | $501K | +22.0% |
| North Chattanooga / Hill City | $500K | $525K | +5.0% |
| Riverfront | $665K | $662K | -0.5% |
Housing Supply in North Chattanooga / Hill City, TN
How many homes are available in North Chattanooga / Hill City, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 80 | 72 | -10.0% |
Summary: The North Chattanooga / Hill City real estate market had 72 homes for sale in December 2024, a 10.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 38 | 31 | -18.4% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The North Chattanooga / Hill City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Chattanooga / Hill City, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in North Chattanooga / Hill City in December 2024, down by 50.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for North Chattanooga / Hill City, TN
How long does it take to sell a home in North Chattanooga / Hill City, TN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 67 Days | 32 Days | -52.5% |
Summary: Homes in North Chattanooga / Hill City had an average of 32 days on market in Dec 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Chattanooga / Hill City are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in North Chattanooga / Hill City; 20% of homes were sold within 30 days, 20% 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.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.