Is Talbott, 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, Talbott has remained a Seller's Market.
Housing Prices in Talbott, TN
How much do homes in Talbott, TN cost?
Median Sold Price
$293,182
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Talbott was $293,182 in May 2024, up 3.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $256.6K | $178.4K | -30.5% |
3 Bedrooms | $260.9K | $293.2K | +12.4% |
4 Bedrooms | $282.9K | $291.3K | +3.0% |
5+ Bedrooms | $304.9K | $324.2K | +6.3% |
Summary: Talbott 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 12.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
White Pine | $245K | $313K | +27.8% |
Jefferson City | $279.9K | $300K | +7.2% |
Talbott | $282.4K | $293.1K | +3.8% |
Morristown | $268.6K | $270K | 0.5% |
Housing Supply in Talbott, TN
How many homes are available in Talbott, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Talbott real estate market had 20 homes for sale in May 2024, a 5.3% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Talbott 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 increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Talbott in May 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Talbott, TN
How long does it take to sell a home in Talbott, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 25 Days | -60.3% |
Summary: Homes in Talbott had an average of 25 days on market in May 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Talbott; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.