Is Piney Flats, 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, Piney Flats has remained a Seller's Market.
Housing Prices in Piney Flats, TN
How much do homes in Piney Flats, TN cost?
Median Sold Price
$383,065
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Piney Flats was $383,065 in May 2024, down 10.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | - | N/A |
2 Bedrooms | $223.5K | $208K | -6.9% |
3 Bedrooms | $412K | $350K | -15.0% |
4 Bedrooms | $543.7K | $412.7K | -24.1% |
5+ Bedrooms | $514.7K | $520K | +1.0% |
Summary: Piney Flats 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 6.9%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Johnson City | $272.3K | $287.4K | +5.5% |
Blountville | $275K | $278.7K | +1.4% |
Bluff City | $275K | $275K | 0.0% |
Piney Flats | $429.9K | $383K | -10.9% |
Housing Supply in Piney Flats, TN
How many homes are available in Piney Flats, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Summary: The Piney Flats real estate market had 34 homes for sale in May 2024, a 54.5% increase 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 | 10 | 14 | +40.0% |
4 Bedrooms | 6 | 14 | +133.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Piney Flats 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 increased by 40%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Piney Flats in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Piney Flats, TN
How long does it take to sell a home in Piney Flats, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 76 Days | +52.0% |
Summary: Homes in Piney Flats had an average of 76 days on market in May 2024, up by 52% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Piney Flats; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.