Is Southside, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southside is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Southside was a Neutral 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

$399,000

$157/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$54,050(+15.7%)

Key Takeaway

Homes in Southside have sold for 15.7% more than they did a month ago.

Summary: The median home sold price in Southside was $399,000 in December 2024, up 15.7% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $90K-
N/A
3 --
N/A
4 $599.9K$399K
-33.5%
5+ --
N/A

Summary: Southside housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 33.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cunningham
+39.8%
Southside
+15.7%

Housing Supply in Southside, TN

How many homes are available in Southside, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1415+7.1%

Summary: The Southside real estate market had 15 homes for sale in December 2024, a 7.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 56
+20.0%
4 76
-14.3%
5+ 00
0.0%

Summary: The Southside housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southside, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Southside in December 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% 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?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southside are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Southside; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Southside, TN

Nearby Markets to Southside, TN

What housing markets are near Southside, TN?