$10,000 Closing Credit*
$2,391,000
4,460 SqFt
5 Beds
•5 Full Baths, 1 Partial
Listing Office: The Group Real Estate Brokerage
Is Riverview / Stuart Heights, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Riverview / Stuart Heights has remained a Seller's Market.
Key Takeaway
Riverview / Stuart Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverview / Stuart Heights, TN
How much do homes in Riverview / Stuart Heights, TN cost?
Median Sold Price
$585,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+9.1%)
Key Takeaway
Homes in Riverview / Stuart Heights have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Riverview / Stuart Heights was $585,000 in November 2024, up 9.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.2K | $107.6K | -34.5% |
| 2 Bedrooms | $328K | $292.5K | -10.8% |
| 3 Bedrooms | $405K | $402K | -0.7% |
| 4 Bedrooms | $790K | $890K | +12.7% |
| 5+ Bedrooms | $1.0M | $1.2M | +18.2% |
Summary: Riverview / Stuart Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Riverview / Stuart Heights | $536K | $585K | +9.1% |
| Amnicola / East Chattanooga | $195K | $200K | +2.6% |
| Stuart Heights | $375K | $346K | -7.7% |
| Manchester Park | $339K | $275K | -18.9% |
Housing Supply in Riverview / Stuart Heights, TN
How many homes are available in Riverview / Stuart Heights, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 86 | -20.4% |
Summary: The Riverview / Stuart Heights real estate market had 86 homes for sale in November 2024, a 20.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 53 | 36 | -32.1% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 14 | 8 | -42.9% |
Summary: The Riverview / Stuart Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 32.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 20 | -42.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverview / Stuart Heights, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Riverview / Stuart Heights in November 2024, down by 42.9% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Riverview / Stuart Heights, TN
How long does it take to sell a home in Riverview / Stuart Heights, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 20 Days | -61.4% |
Summary: Homes in Riverview / Stuart Heights had an average of 20 days on market in Nov 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverview / Stuart Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Riverview / Stuart Heights; 20% of homes were sold within 30 days, 15% 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.