$5,047 Closing Credit*
$425,000
2,907 SqFt
5 Beds
•3 Full Baths
Listing Office: Live It! Realty
Is Northgate / Big Ridge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Northgate / Big Ridge was a Buyer's Market.
Key Takeaway
Northgate / Big Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northgate / Big Ridge, TN
How much do homes in Northgate / Big Ridge, TN cost?
Median Sold Price
$440,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.3%)
Key Takeaway
Homes in Northgate / Big Ridge have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Northgate / Big Ridge was $440,000 in October 2024, up 7.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349.9K | $372K | +6.3% |
| 3 Bedrooms | $380K | $430K | +13.2% |
| 4 Bedrooms | $438K | $467K | +6.6% |
| 5+ Bedrooms | $450K | $615K | +36.7% |
Summary: Northgate / Big Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 36.7%.
Housing Supply in Northgate / Big Ridge, TN
How many homes are available in Northgate / Big Ridge, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The Northgate / Big Ridge real estate market had 41 homes for sale in October 2024, a 4.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Northgate / Big Ridge 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northgate / Big Ridge, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northgate / Big Ridge in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Northgate / Big Ridge, TN
How long does it take to sell a home in Northgate / Big Ridge, TN?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northgate / Big Ridge has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Northgate / Big Ridge; 0% of homes were sold within 30 days, 25% 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.
© 2024 of the REALTRACS MLS. All rights Reserved.