Is South Pittsburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Pittsburg has remained a Seller's Market.
Housing Prices in South Pittsburg, TN
How much do homes in South Pittsburg, TN cost?
Median Sold Price
$210,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Pittsburg was $210,000 in May 2024, up 9.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $25K | N/A |
2 Bedrooms | $153.5K | $178K | +16.0% |
3 Bedrooms | $210K | $210K | 0.0% |
4 Bedrooms | $239K | $405.9K | +69.9% |
5+ Bedrooms | - | - | N/A |
Summary: South Pittsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes did not change, 4 bedroom homes increased by 69.9%, and 5+ bedroom homes did not change.
Housing Supply in South Pittsburg, TN
How many homes are available in South Pittsburg, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 25 | -13.8% |
Summary: The South Pittsburg real estate market had 25 homes for sale in May 2024, a 13.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Pittsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Pittsburg in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for South Pittsburg, TN
How long does it take to sell a home in South Pittsburg, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 21 Days | +5.0% |
Summary: Homes in South Pittsburg had an average of 21 days on market in May 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in South Pittsburg; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.