$8,301 Closing Credit*
$699,000
2,640 SqFt
4 Beds
•3 Full Baths
Listing Office: Keller Williams Realty
Is Signal Mountain, 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, Signal Mountain has remained a Seller's Market.
Key Takeaway
Signal Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Signal Mountain, TN
How much do homes in Signal Mountain, TN cost?
Median Sold Price
$693,166
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$69,416(+11.1%)
Key Takeaway
Homes in Signal Mountain have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Signal Mountain was $693,166 in October 2024, up 11.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | - | N/A |
| 2 Bedrooms | $296.2K | $350K | +18.1% |
| 3 Bedrooms | $465K | $509.5K | +9.6% |
| 4 Bedrooms | $725K | $825K | +13.8% |
| 5+ Bedrooms | $872.5K | $910.2K | +4.3% |
Summary: Signal Mountain 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 increased by 18.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Signal Mountain | $623.7K | $693.1K | +11.1% |
| Walden | $924.9K | $995K | +7.6% |
| Chattanooga | $319.5K | $329.3K | +3.1% |
Housing Supply in Signal Mountain, TN
How many homes are available in Signal Mountain, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 151 | 137 | -9.3% |
Summary: The Signal Mountain real estate market had 137 homes for sale in October 2024, a 9.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 56 | 49 | -12.5% |
| 4 Bedrooms | 52 | 59 | +13.5% |
| 5+ Bedrooms | 28 | 18 | -35.7% |
Summary: The Signal Mountain 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 decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Signal Mountain, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Signal Mountain in October 2024, down by 19.6% month-over-month. Of the 37 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for Signal Mountain, TN
How long does it take to sell a home in Signal Mountain, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 48 Days | +77.5% |
Summary: Homes in Signal Mountain had an average of 48 days on market in Oct 2024, up by 77.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Signal Mountain are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in Signal Mountain; 19% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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.