Is Church Hill, 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, Church Hill has remained a Seller's Market.
Key Takeaway
Church Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Church Hill, TN
How much do homes in Church Hill, TN cost?
Median Sold Price
$260,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Church Hill have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Church Hill was $260,000 in April 2024, up 4.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $55K | -85.3% |
| 2 Bedrooms | $132.5K | $183.6K | +38.6% |
| 3 Bedrooms | $239.7K | $252.5K | +5.3% |
| 4 Bedrooms | $288K | $302K | +4.8% |
| 5+ Bedrooms | $380K | $320.8K | -15.6% |
Summary: Church Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85.3%, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Church Hill | $249K | $260K | +4.4% |
| Mount Carmel | $240K | $249.5K | +4.0% |
Housing Supply in Church Hill, TN
How many homes are available in Church Hill, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 50 | -12.3% |
Summary: The Church Hill real estate market had 50 homes for sale in April 2024, a 12.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 34 | 32 | -5.9% |
| 4 Bedrooms | 11 | 6 | -45.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Church Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Church Hill, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Church Hill in April 2024, down by 47.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Church Hill, TN
How long does it take to sell a home in Church Hill, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 91 Days | 62 Days | -31.5% |
Summary: Homes in Church Hill had an average of 62 days on market in Apr 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Church Hill has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Church Hill; 11% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.