Is Hamilton County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hamilton County has remained a Seller's Market.
Housing Prices in Hamilton County, TN
How much do homes in Hamilton County, TN cost?
Median Sold Price
$355,932
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hamilton County was $355,932 in April 2024, up 2.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $279.9K | +5.6% |
2 Bedrooms | $234K | $253.5K | +8.3% |
3 Bedrooms | $313.3K | $330K | +5.3% |
4 Bedrooms | $450K | $467K | +3.8% |
5+ Bedrooms | $602K | $656.7K | +9.1% |
Summary: Hamilton County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Counties
Marion County | $220.7K | $290K | +31.4% |
Bradley County | $294.2K | $309.2K | +5.1% |
Catoosa County | $298.9K | $308.9K | +3.4% |
Hamilton County | $348.4K | $355.9K | +2.2% |
Sequatchie County | $265K | $253.5K | -4.3% |
Housing Supply in Hamilton County, TN
How many homes are available in Hamilton County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,242 | 2,360 | +5.3% |
Summary: The Hamilton County real estate market had 2,360 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 80 | 81 | +1.3% |
2 Bedrooms | 334 | 389 | +16.5% |
3 Bedrooms | 1,050 | 1,087 | +3.5% |
4 Bedrooms | 596 | 622 | +4.4% |
5+ Bedrooms | 182 | 181 | -0.5% |
Summary: The Hamilton County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 0.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
615 | 533 | -13.3% |
Asking Price vs. Sold Price
220 Homes Were Sold
Under Asking
170 Homes Were Sold
At Asking
143 Homes Were Sold
Over Asking
Summary: A total of 533 homes were sold or pending in Hamilton County in April 2024, down by 13.3% month-over-month. Of the 533 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for Hamilton County, TN
How long does it take to sell a home in Hamilton County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +40.9% |
Summary: Homes in Hamilton County had an average of 27 days on market in Apr 2024, up by 40.9% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 533 homes were sold in Hamilton County; 15% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.