$4,578 Closing Credit*
$385,500
2,428 SqFt
3 Beds
•2 Full Baths
Cathy A. Dennis, Listing Office: Century 21 Platinum Properties
Is Tennessee Ridge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Tennessee Ridge was a Buyer's Market.
Key Takeaway
Tennessee Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tennessee Ridge, TN
How much do homes in Tennessee Ridge, TN cost?
Median Sold Price
$347,500
$163/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$82,500(+31.1%)
Key Takeaway
Homes in Tennessee Ridge have sold for 31.1% more than they did a month ago.
Summary: The median home sold price in Tennessee Ridge was $347,500 in October 2024, up 31.1% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $265K | $347.5K | +31.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Tennessee Ridge housing prices by bedroom type for October 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 increased by 31.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Tennessee Ridge, TN
How many homes are available in Tennessee Ridge, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Tennessee Ridge real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tennessee Ridge 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 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tennessee Ridge, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Tennessee Ridge in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Tennessee Ridge, TN
How long does it take to sell a home in Tennessee Ridge, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 78 Days | +78.4% |
Summary: Homes in Tennessee Ridge had an average of 78 days on market in Oct 2024, up by 78.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tennessee Ridge has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Tennessee Ridge; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.