Is Blount County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$374,515
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blount County have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Blount County was $374,515 in March 2024, up 6.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $274.5K | +2.6% |
| 2 Bedrooms | $234K | $258K | +10.2% |
| 3 Bedrooms | $345K | $365.2K | +5.9% |
| 4 Bedrooms | $485.6K | $527.4K | +8.6% |
| 5+ Bedrooms | $587.4K | $649.5K | +10.6% |
Summary: Blount County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Counties
| Loudon County | $402.4K | $474.4K | +17.9% |
| Monroe County | $259.4K | $304.9K | +17.5% |
| Knox County | $340.7K | $367.3K | +7.8% |
| Blount County | $352.9K | $374.5K | +6.1% |
Housing Supply in Blount County, TN
How many homes are available in Blount County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 506 | 518 | +2.4% |
Summary: The Blount County real estate market had 518 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 80 | 95 | +18.8% |
| 3 Bedrooms | 283 | 271 | -4.2% |
| 4 Bedrooms | 98 | 102 | +4.1% |
| 5+ Bedrooms | 36 | 38 | +5.6% |
Summary: The Blount County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 122 | +4.3% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blount County, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 122 homes were sold or pending in Blount County in March 2024, up by 4.3% month-over-month. Of the 122 sold homes, 48% were sold under asking, 25% were sold at asking, and 27% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 40 Days | +3.4% |
Summary: Homes in Blount County had an average of 40 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blount County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 122 homes were sold in Blount County; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.