$239,900
20.45 Acres
Land
Kyle Woodard, Listing Office: BHGRE | Ben Bray Real Estate & Associates
Is Red Boiling Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Red Boiling Springs was a Buyer's Market.
Key Takeaway
Red Boiling Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Boiling Springs, TN
How much do homes in Red Boiling Springs, TN cost?
Median Sold Price
$308,000
$167/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$258,000(+516.0%)
Key Takeaway
Homes in Red Boiling Springs have sold for 516% more than they did a month ago.
Summary: The median home sold price in Red Boiling Springs was $308,000 in October 2024, up 516% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $50K | - | N/A |
| 3 Bedrooms | - | $408.8K | N/A |
| 4 Bedrooms | - | $270.8K | N/A |
| 5+ Bedrooms | - | $308K | N/A |
Summary: Red Boiling Springs housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Red Boiling Springs, TN
How many homes are available in Red Boiling Springs, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Red Boiling Springs real estate market had 25 homes for sale in October 2024, a 13.6% increase 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 | 12 | 15 | +25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Red Boiling Springs 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Boiling Springs, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Red Boiling Springs in October 2024, up by 600.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Red Boiling Springs, TN
How long does it take to sell a home in Red Boiling Springs, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 Days | 27 Days | -79.0% |
Summary: Homes in Red Boiling Springs had an average of 27 days on market in Oct 2024, down by 79% compared to last month.
Breakdown of Home Sale Times
5 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 Red Boiling Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Red Boiling Springs; 71% of homes were sold within 30 days, 29% 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. 
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.