Is Clarkrange, 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, Clarkrange was a Seller's Market.
Key Takeaway
Clarkrange is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clarkrange, TN
How much do homes in Clarkrange, TN cost?
Median Sold Price
$284,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarkrange have sold for 23.7% more than they did a year ago.
Summary: The median home sold price in Clarkrange was $284,000 in May 2024, up 23.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178K | N/A |
| 2 Bedrooms | $230K | $159.9K | -30.5% |
| 3 Bedrooms | $229.5K | $288K | +25.5% |
| 4 Bedrooms | $220.2K | $402.9K | +82.9% |
| 5+ Bedrooms | $218K | $237K | +8.7% |
Summary: Clarkrange 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 30.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 82.9%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Clarkrange | $229.5K | $284K | +23.7% |
| Grimsley | $311K | $302K | -2.9% |
Housing Supply in Clarkrange, TN
How many homes are available in Clarkrange, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Clarkrange real estate market had 32 homes for sale in May 2024, a 17.9% decrease 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 | 3 | 0.0% |
| 3 Bedrooms | 31 | 23 | -25.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Clarkrange 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 remained the same, 3 bedroom homes decreased by 25.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarkrange, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Clarkrange in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Clarkrange, TN
How long does it take to sell a home in Clarkrange, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 102 Days | 49 Days | -51.4% |
Summary: Homes in Clarkrange had an average of 49 days on market in May 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Clarkrange has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Clarkrange; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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.