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 November 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

$342,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,000(+20.0%)

Key Takeaway

Homes in Soddy-Daisy have sold for 20% more than they did a year ago.

Summary: The median home sold price in Soddy-Daisy was $342,000 in November 2024, up 20% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $258.5K$127.5K
-50.7%
2 $197.5K$213K
+7.8%
3 $313K$349.9K
+11.8%
4 $380.5K$469.9K
+23.5%
5+ $225K$675K
+200.0%

Summary: Soddy-Daisy housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 200%.

Median Sold Price Compared To Nearby Cities

Soddy-Daisy
+20.0%
Chattanooga
+3.0%

Housing Supply in Soddy-Daisy, TN

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6254-12.9%

Summary: The Soddy-Daisy real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 3834
-10.5%
4 127
-41.7%
5+ 01
+100.0%

Summary: The Soddy-Daisy housing inventory by bedroom type for November 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 10.5%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
19190.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 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. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Soddy-Daisy in November 2024, the same as the previous month. Of the 19 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% 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

Nov 2023Nov 2024CHANGE
36 Days109 Days+198.1%

Summary: Homes in Soddy-Daisy had an average of 109 days on market in Nov 2024, up by 198.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 19 homes were sold in Soddy-Daisy; 26% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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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