Is Soddy-Daisy, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Soddy-Daisy is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Soddy-Daisy has remained a Seller's Market.

Key Takeaway

Soddy-Daisy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Soddy-Daisy, TN

How much do homes in Soddy-Daisy, TN cost?

Median Sold Price

$345,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+21.1%)

Key Takeaway

Homes in Soddy-Daisy have sold for 21.1% more than they did a year ago.

Summary: The median home sold price in Soddy-Daisy was $345,000 in October 2024, up 21.1% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $258.5K$127.5K
-50.7%
2 $204.2K$209.9K
+2.8%
3 $310.5K$348.4K
+12.2%
4 $380.5K$434K
+14.1%
5+ $225K$675K
+200.0%

Summary: Soddy-Daisy housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 200%.

Median Sold Price Compared To Nearby Cities

Soddy-Daisy
+21.1%
Chattanooga
+3.1%

Housing Supply in Soddy-Daisy, TN

How many homes are available in Soddy-Daisy, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6057-5.0%

Summary: The Soddy-Daisy real estate market had 57 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 99
0.0%
3 3735
-5.4%
4 1312
-7.7%
5+ 11
0.0%

Summary: The Soddy-Daisy 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 decreased by 5.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15150.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Soddy-Daisy, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Soddy-Daisy in October 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for Soddy-Daisy, TN

How long does it take to sell a home in Soddy-Daisy, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days35 Days-28.4%

Summary: Homes in Soddy-Daisy had an average of 35 days on market in Oct 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

4 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 Soddy-Daisy are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in Soddy-Daisy; 27% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

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