$3,551 Closing Credit*
$299,000
782 SqFt
1 Bed
•1 Full Bath
Stacy J Cooper, Listing Office: Greater Downtown Realty dba Keller Williams Realty
Is Southside, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southside was a Seller's Market.
Key Takeaway
Southside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southside, TN
How much do homes in Southside, TN cost?
Median Sold Price
$469,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,000(+15.8%)
Key Takeaway
Homes in Southside have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Southside was $469,000 in October 2024, up 15.8% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $299.2K | -3.5% |
| 2 Bedrooms | $375K | $366.2K | -2.3% |
| 3 Bedrooms | $499K | $499.8K | 0.2% |
| 4 Bedrooms | $599K | $610.7K | +2.0% |
| 5+ Bedrooms | $760K | - | N/A |
Summary: Southside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Southside | $405K | $469K | +15.8% |
| Downtown Chattanooga | $470K | $469.4K | -0.1% |
| Bushtown / Highland Park | $264.9K | $260K | -1.9% |
Housing Supply in Southside, TN
How many homes are available in Southside, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 60 | +33.3% |
Summary: The Southside real estate market had 60 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Southside in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Southside, TN
How long does it take to sell a home in Southside, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 45 Days | -28.9% |
Summary: Homes in Southside had an average of 45 days on market in Oct 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southside are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Southside; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.