Is Afton, 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, Afton has remained a Seller's Market.
Key Takeaway
Afton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Afton, TN
How much do homes in Afton, TN cost?
Median Sold Price
$265,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Afton have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Afton was $265,500 in May 2024, up 18.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $152.5K | $259.9K | +70.4% |
| 3 Bedrooms | $224K | $274.5K | +22.5% |
| 4 Bedrooms | $575K | $542K | -5.7% |
| 5+ Bedrooms | $600K | $257.5K | -57.1% |
Summary: Afton 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 70.4%, 3 bedroom homes increased by 22.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 57.1%.
Median Sold Price Compared To Nearby Cities
| Afton | $224K | $265.5K | +18.5% |
| Greeneville | $246.4K | $275K | +11.6% |
| Chuckey | $247K | $269.9K | +9.3% |
| Tusculum | $420K | $439.5K | +4.6% |
Housing Supply in Afton, TN
How many homes are available in Afton, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Afton real estate market had 21 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Afton 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 decreased by 40%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Afton, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Afton in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Afton, TN
How long does it take to sell a home in Afton, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 65 Days | +51.2% |
Summary: Homes in Afton had an average of 65 days on market in May 2024, up by 51.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Afton has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Afton; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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.