$8,134 Closing Credit*
$685,000
1,981 SqFt
4 Beds
•3 Full Baths, 1 Partial
Matthew J Mucciolo, Listing Office: RE/MAX Properties
Is Riverfront, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Riverfront was a Seller's Market.
Key Takeaway
Riverfront is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riverfront, TN
How much do homes in Riverfront, TN cost?
Median Sold Price
$662,500
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$21,500(-3.1%)
Key Takeaway
Homes in Riverfront have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Riverfront was $662,500 in November 2024, down 3.1% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $382.4K | +27.5% |
| 2 Bedrooms | $570K | $475K | -16.7% |
| 3 Bedrooms | $1.5M | $670K | -55.9% |
| 4 Bedrooms | - | $1.7M | N/A |
| 5+ Bedrooms | - | $830K | N/A |
Summary: Riverfront housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 55.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Chattanooga / Hill City | $500K | $536.6K | +7.3% |
| Downtown Chattanooga | $469K | $475K | +1.3% |
| Riverfront | $684K | $662.5K | -3.1% |
Housing Supply in Riverfront, TN
How many homes are available in Riverfront, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Riverfront real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverfront housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 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 Riverfront, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Riverfront in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Riverfront, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.