$6,282 Closing Credit*
$529,000
2,000 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: GreenTech Homes LLC
Is Southside, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Southside has remained a Seller's Market.
Key Takeaway
Southside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southside, TN
How much do homes in Southside, TN cost?
Median Sold Price
$477,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$72,550(+17.9%)
Key Takeaway
Homes in Southside have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Southside was $477,500 in November 2024, up 17.9% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $294.2K | -5.1% |
| 2 Bedrooms | $374.9K | $364K | -2.9% |
| 3 Bedrooms | $497.5K | $510K | +2.5% |
| 4 Bedrooms | $599K | $651.2K | +8.7% |
| 5+ Bedrooms | $760K | - | N/A |
Summary: Southside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Southside | $404.9K | $477.5K | +17.9% |
| Bushtown / Highland Park | $255K | $260K | +2.0% |
| Downtown Chattanooga | $469K | $475K | +1.3% |
Housing Supply in Southside, TN
How many homes are available in Southside, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 61 | +3.4% |
Summary: The Southside real estate market had 61 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southside housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Southside in November 2024, up by 150.0% month-over-month. Of the 15 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 103 Days | 58 Days | -43.8% |
Summary: Homes in Southside had an average of 58 days on market in Nov 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southside are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Southside; 27% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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.