Is Blount County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Blount County has remained a Seller's Market.
Housing Prices in Blount County, TN
How much do homes in Blount County, TN cost?
Median Sold Price
$376,074
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Blount County was $376,074 in June 2024, up 4.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $306K | +45.7% |
2 Bedrooms | $242K | $258.2K | +6.7% |
3 Bedrooms | $349K | $369.9K | +6.0% |
4 Bedrooms | $493.3K | $520K | +5.4% |
5+ Bedrooms | $622.4K | $625K | 0.4% |
Summary: Blount County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Counties
Loudon County | $415K | $489.9K | +18.1% |
Monroe County | $260K | $300K | +15.4% |
Knox County | $348.6K | $371.6K | +6.6% |
Blount County | $359.5K | $376K | +4.6% |
Housing Supply in Blount County, TN
How many homes are available in Blount County, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
616 | 575 | -6.7% |
Summary: The Blount County real estate market had 575 homes for sale in June 2024, a 6.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 10 | -23.1% |
2 Bedrooms | 96 | 87 | -9.4% |
3 Bedrooms | 343 | 324 | -5.5% |
4 Bedrooms | 119 | 114 | -4.2% |
5+ Bedrooms | 45 | 40 | -11.1% |
Summary: The Blount County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
169 | 133 | -21.3% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 133 homes were sold or pending in Blount County in June 2024, down by 21.3% month-over-month. Of the 132 sold homes, 49% were sold under asking, 26% were sold at asking, and 25% were sold over asking.
Days on Market for Blount County, TN
How long does it take to sell a home in Blount County, TN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 31 Days | +64.3% |
Summary: Homes in Blount County had an average of 31 days on market in Jun 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During June 2024, 133 homes were sold in Blount County; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.