$6,886 Closing Credit*
$579,900
2,390 SqFt
3 Beds
•2 Full Baths, 1 Partial
Maddey Jackson, Listing Office: simpliHOM
Is Ridgetop, 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, Ridgetop has remained a Seller's Market.
Key Takeaway
Ridgetop is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgetop, TN
How much do homes in Ridgetop, TN cost?
Median Sold Price
$426,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+6.5%)
Key Takeaway
Homes in Ridgetop have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Ridgetop was $426,000 in October 2024, up 6.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | - | N/A |
| 3 Bedrooms | $400K | $412.5K | +3.1% |
| 4 Bedrooms | $375K | $535K | +42.7% |
| 5+ Bedrooms | $550K | $425K | -22.7% |
Summary: Ridgetop 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 did not change, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Ridgetop | $400K | $426K | +6.5% |
| Greenbrier | $385.5K | $404K | +4.8% |
| Goodlettsville | $396.5K | $403.3K | +1.7% |
| Millersville | $372.5K | $353.5K | -5.1% |
Housing Supply in Ridgetop, TN
How many homes are available in Ridgetop, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Ridgetop real estate market had 10 homes for sale in October 2024, a 11.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ridgetop 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgetop, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ridgetop in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ridgetop, TN
How long does it take to sell a home in Ridgetop, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 74 Days | +276.3% |
Summary: Homes in Ridgetop had an average of 74 days on market in Oct 2024, up by 276.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ridgetop has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Ridgetop; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.