Is Kingston Springs, 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, Kingston Springs has remained a Seller's Market.
Key Takeaway
Kingston Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kingston Springs, TN
How much do homes in Kingston Springs, TN cost?
Median Sold Price
$475,000
$246/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Kingston Springs has remained the same since last year.
Summary: The median home sold price in Kingston Springs was $475,000 in May 2024, the same as last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $265K | $337.5K | +27.4% |
| 3 Bedrooms | $487.5K | $475.7K | -2.4% |
| 4 Bedrooms | $650K | $550K | -15.4% |
| 5+ Bedrooms | $945.7K | $1.2M | +36.1% |
Summary: Kingston 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 increased by 27.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 36.1%.
Median Sold Price Compared To Nearby Cities
| Kingston Springs | $475K | $475K | 0.0% |
| Pegram | $465K | $430K | -7.5% |
Housing Supply in Kingston Springs, TN
How many homes are available in Kingston Springs, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Summary: The Kingston Springs real estate market had 45 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Kingston Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kingston Springs, 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 Kingston Springs in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Kingston Springs, TN
How long does it take to sell a home in Kingston Springs, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 40 Days | 0.1% |
Summary: Homes in Kingston Springs had an average of 40 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kingston Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Kingston Springs; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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.