Is Claiborne County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Claiborne County was a Seller's Market.
Housing Prices in Claiborne County, TN
How much do homes in Claiborne County, TN cost?
Median Sold Price
$225,112
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Claiborne County was $225,112 in March 2024, down 1.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.3K | $130K | +27.0% |
2 Bedrooms | $180K | $170K | -5.6% |
3 Bedrooms | $231.7K | $230K | -0.7% |
4 Bedrooms | $282.4K | $278.4K | -1.4% |
5+ Bedrooms | $395K | $497.5K | +25.9% |
Summary: Claiborne County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 25.9%.
Median Sold Price Compared To Nearby Counties
Hancock County | $187K | $250K | +33.7% |
Union County | $288.2K | $293.9K | +2.0% |
Grainger County | $266K | $268K | +0.8% |
Claiborne County | $229K | $225.1K | -1.7% |
Bell County | $131K | $124K | -5.3% |
Housing Supply in Claiborne County, TN
How many homes are available in Claiborne County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
161 | 155 | -3.7% |
Summary: The Claiborne County real estate market had 155 homes for sale in March 2024, a 3.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 30 | 27 | -10.0% |
3 Bedrooms | 102 | 96 | -5.9% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Claiborne County 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 decreased by 10%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Claiborne County in March 2024, up by 50.0% month-over-month. Of the 21 sold homes, 67% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for Claiborne County, TN
How long does it take to sell a home in Claiborne County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
104 Days | 50 Days | -51.9% |
Summary: Homes in Claiborne County had an average of 50 days on market in Mar 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Claiborne County; 62% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.