Is Sullivan County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sullivan County has remained a Seller's Market.
Housing Prices in Sullivan County, TN
How much do homes in Sullivan County, TN cost?
Median Sold Price
$257,791
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sullivan County was $257,791 in April 2024, up 6.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $115K | 0.1% |
2 Bedrooms | $144.7K | $165K | +14.0% |
3 Bedrooms | $240.2K | $250K | +4.1% |
4 Bedrooms | $330K | $350K | +6.1% |
5+ Bedrooms | $430K | $421K | -2.1% |
Summary: Sullivan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Counties
Washington County | $255K | $279.6K | +9.6% |
Carter County | $210K | $228.9K | +9.0% |
Scott County | $160K | $174.4K | +9.0% |
Sullivan County | $242.1K | $257.7K | +6.5% |
Washington County | $294.6K | $306.1K | +3.9% |
Housing Supply in Sullivan County, TN
How many homes are available in Sullivan County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
632 | 637 | +0.8% |
Summary: The Sullivan County real estate market had 637 homes for sale in April 2024, a 0.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 114 | 112 | -1.8% |
3 Bedrooms | 311 | 322 | +3.5% |
4 Bedrooms | 155 | 147 | -5.2% |
5+ Bedrooms | 48 | 52 | +8.3% |
Summary: The Sullivan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 176 | -0.6% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 176 homes were sold or pending in Sullivan County in April 2024, down by 0.6% month-over-month. Of the 176 sold homes, 56% were sold under asking, 23% were sold at asking, and 22% were sold over asking.
Days on Market for Sullivan County, TN
How long does it take to sell a home in Sullivan County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 65 Days | +23.4% |
Summary: Homes in Sullivan County had an average of 65 days on market in Apr 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
113 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During April 2024, 176 homes were sold in Sullivan County; 17% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.