Is Knoxville, IA 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, Knoxville has remained a Seller's Market.
Key Takeaway
Knoxville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Knoxville, IA
How much do homes in Knoxville, IA cost?
Median Sold Price
$186,900
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Knoxville have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Knoxville was $186,900 in April 2024, up 13.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $104.1K | +316.7% |
| 2 Bedrooms | $115K | $120K | +4.3% |
| 3 Bedrooms | $165K | $197.5K | +19.7% |
| 4 Bedrooms | $227.5K | $250.5K | +10.1% |
| 5+ Bedrooms | $275K | $208.3K | -24.3% |
Summary: Knoxville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 316.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Cities
| Knoxville | $165K | $186.9K | +13.3% |
| Knoxville Township | $171K | $186.9K | +9.3% |
Housing Supply in Knoxville, IA
How many homes are available in Knoxville, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 48 | -9.4% |
Summary: The Knoxville real estate market had 48 homes for sale in April 2024, a 9.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 9 | -47.1% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Knoxville 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 47.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Knoxville, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Knoxville in April 2024, down by 31.3% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for Knoxville, IA
How long does it take to sell a home in Knoxville, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -11.5% |
Summary: Homes in Knoxville had an average of 27 days on market in Apr 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Knoxville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Knoxville; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
