$2,613 Closing Credit*
$220,000
735 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams 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 October 2023
Since last year, North Chattanooga / Hill City has remained a Seller's Market.
Key Takeaway
North Chattanooga / Hill City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Chattanooga / Hill City, TN
How much do homes in North Chattanooga / Hill City, TN cost?
Median Sold Price
$525,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.0%)
Key Takeaway
Homes in North Chattanooga / Hill City have sold for 4% more than they did a year ago.
Summary: The median home sold price in North Chattanooga / Hill City was $525,000 in October 2024, up 4% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $305K | -0.8% |
| 2 Bedrooms | $430K | $443.5K | +3.1% |
| 3 Bedrooms | $595K | $570K | -4.2% |
| 4 Bedrooms | $860K | $934K | +8.6% |
| 5+ Bedrooms | $865K | $1.2M | +38.7% |
Summary: North Chattanooga / Hill City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Neighborhoods
| North Chattanooga / Hill City | $505K | $525K | +4.0% |
| Riverfront | $681.5K | $660K | -3.2% |
| Hill City | $430K | $413K | -4.0% |
Housing Supply in North Chattanooga / Hill City, TN
How many homes are available in North Chattanooga / Hill City, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 87 | -12.1% |
Summary: The North Chattanooga / Hill City real estate market had 87 homes for sale in October 2024, a 12.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 50 | 42 | -16.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The North Chattanooga / Hill City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in North Chattanooga / Hill City in October 2024, down by 21.7% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -4.4% |
Summary: Homes in North Chattanooga / Hill City had an average of 34 days on market in Oct 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 October 2024, 18 homes were sold in North Chattanooga / Hill City; 22% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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.