Is Tazewell, 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, Tazewell was a Seller's Market.
Housing Prices in Tazewell, TN
How much do homes in Tazewell, TN cost?
Median Sold Price
$219,375
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tazewell was $219,375 in May 2024, up 11.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $132.5K | +10.4% |
2 Bedrooms | $189K | $150K | -20.6% |
3 Bedrooms | $191.7K | $222.5K | +16.1% |
4 Bedrooms | $247.4K | $275K | +11.1% |
5+ Bedrooms | $347.4K | $230K | -33.8% |
Summary: Tazewell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.8%.
Median Sold Price Compared To Nearby Cities
Tazewell | $197K | $219.3K | +11.4% |
New Tazewell | $274.9K | $280K | +1.9% |
Housing Supply in Tazewell, TN
How many homes are available in Tazewell, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 44 | -17.0% |
Summary: The Tazewell real estate market had 44 homes for sale in May 2024, a 17.0% decrease 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 | 4 | -20.0% |
3 Bedrooms | 37 | 30 | -18.9% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tazewell 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 20%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Tazewell in May 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Tazewell, TN
How long does it take to sell a home in Tazewell, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 103 Days | +56.6% |
Summary: Homes in Tazewell had an average of 103 days on market in May 2024, up by 56.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Tazewell; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.