Is Blountville, 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, Blountville has remained a Seller's Market.
Key Takeaway
Blountville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blountville, TN
How much do homes in Blountville, TN cost?
Median Sold Price
$296,750
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blountville have sold for 12% more than they did a year ago.
Summary: The median home sold price in Blountville was $296,750 in March 2024, up 12% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $158.5K | $175K | +10.4% |
| 3 Bedrooms | $251K | $267.5K | +6.6% |
| 4 Bedrooms | $440K | $490K | +11.4% |
| 5+ Bedrooms | $504.5K | $757K | +50.0% |
Summary: Blountville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Bristol | $187K | $214K | +14.4% |
| Blountville | $265K | $296.7K | +12.0% |
| Kingsport | $233.9K | $252.7K | +8.0% |
| Bristol | $220K | $227.6K | +3.5% |
| Piney Flats | $426.5K | $392.8K | -7.9% |
Housing Supply in Blountville, TN
How many homes are available in Blountville, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 36 | +28.6% |
Summary: The Blountville real estate market had 36 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blountville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blountville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Blountville in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Blountville, TN
How long does it take to sell a home in Blountville, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 62 Days | -5.8% |
Summary: Homes in Blountville had an average of 62 days on market in Mar 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blountville has remained consistent over time.
Summary: During March 2024, 12 homes were sold in Blountville; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
