Is Red Boiling Springs, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Red Boiling Springs was a Buyer's Market.
Housing Prices in Red Boiling Springs, TN
How much do homes in Red Boiling Springs, TN cost?
Median Sold Price
$220,450
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Red Boiling Springs was $220,450 in May 2024, up 10.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $157.5K | $150K | -4.8% |
3 Bedrooms | $229.9K | $233K | +1.3% |
4 Bedrooms | $180K | $527.8K | +193.2% |
5+ Bedrooms | - | $53K | N/A |
Summary: Red Boiling Springs 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 decreased by 4.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 193.2%, and 5+ bedroom homes did not change.
Housing Supply in Red Boiling Springs, TN
How many homes are available in Red Boiling Springs, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Red Boiling Springs real estate market had 20 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Boiling Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Red Boiling Springs in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Red Boiling Springs, TN
How long does it take to sell a home in Red Boiling Springs, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 10 Days | -54.0% |
Summary: Homes in Red Boiling Springs had an average of 10 days on market in May 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
5 Homes Were 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 Red Boiling Springs; 100% 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.