Is Saint George, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint George is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Saint George was a Buyer's Market.

Key Takeaway

Saint George is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint George, TN

How much do homes in Saint George, TN cost?

Median Sold Price

$334,000

$218/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$110,000(+49.1%)

Key Takeaway

Homes in Saint George have sold for 49.1% more than they did a month ago.

Summary: The median home sold price in Saint George was $334,000 in October 2024, up 49.1% from last month, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $224K$205K
-8.5%
3 -$334K
N/A
4 --
N/A
5+ --
N/A

Summary: Saint George 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 decreased by 8.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Saint George, TN

How many homes are available in Saint George, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1722+29.4%

Summary: The Saint George real estate market had 22 homes for sale in October 2024, a 29.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 914
+55.6%
4 44
0.0%
5+ 00
0.0%

Summary: The Saint George 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 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint George, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Saint George in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Saint George, TN

How long does it take to sell a home in Saint George, TN?

Average Sale Time

Sep 2024Oct 2024CHANGE
112 Days37 Days-66.8%

Summary: Homes in Saint George had an average of 37 days on market in Oct 2024, down by 66.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint George are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Saint George; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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