Is Blount County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blount County is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Blount County has remained a Seller's Market.

Key Takeaway

Blount County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Blount County, TN

How much do homes in Blount County, TN cost?

Median Sold Price

$374,943

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$24,943(+7.1%)

Key Takeaway

Homes in Blount County have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Blount County was $374,943 in January 2024, up 7.1% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $225K$250K
+11.1%
2 $220K$259.2K
+17.8%
3 $340.5K$364.3K
+7.0%
4 $475K$540K
+13.7%
5+ $575K$652K
+13.4%

Summary: Blount County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Counties

Monroe County
+17.6%
Loudon County
+17.0%
Graham County
+13.3%
Knox County
+9.3%
Blount County
+7.1%

Housing Supply in Blount County, TN

How many homes are available in Blount County, TN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
504532+5.6%

Summary: The Blount County real estate market had 532 homes for sale in January 2024, a 5.6% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 109
-10.0%
2 6166
+8.2%
3 286309
+8.0%
4 111109
-1.8%
5+ 3639
+8.3%

Summary: The Blount County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
9699+3.1%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blount County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Blount County in January 2024, up by 3.1% month-over-month. Of the 98 sold homes, 57% were sold under asking, 31% were sold at asking, and 12% were sold over asking.

Days on Market for Blount County, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Blount County, TN

Nearby Markets to Blount County, TN

What housing markets are near Blount County, TN?