Is Washington 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, TN
How much do homes in Washington County, TN cost?
Median Sold Price
$306,185
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington County was $306,185 in April 2024, up 3.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153K | $180K | +17.6% |
2 Bedrooms | $175K | $195K | +11.4% |
3 Bedrooms | $289.9K | $305.6K | +5.4% |
4 Bedrooms | $392.5K | $423.3K | +7.8% |
5+ Bedrooms | $610K | $650K | +6.6% |
Summary: Washington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Greene County | $237.6K | $265K | +11.5% |
Carter County | $210K | $228.9K | +9.0% |
Unicoi County | $220K | $237.5K | +8.0% |
Sullivan County | $242.1K | $257.7K | +6.5% |
Washington County | $294.6K | $306.1K | +3.9% |
Housing Supply in Washington County, TN
How many homes are available in Washington County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
503 | 499 | -0.8% |
Summary: The Washington County real estate market had 499 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 103 | 111 | +7.8% |
3 Bedrooms | 268 | 251 | -6.3% |
4 Bedrooms | 90 | 91 | +1.1% |
5+ Bedrooms | 40 | 43 | +7.5% |
Summary: The Washington County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 134 | +0.8% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Washington County in April 2024, up by 0.8% month-over-month. Of the 134 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% were sold over asking.
Days on Market for Washington County, TN
How long does it take to sell a home in Washington County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 73 Days | +13.7% |
Summary: Homes in Washington County had an average of 73 days on market in Apr 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During April 2024, 134 homes were sold in Washington County; 17% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.