Is Friendsville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Friendsville has remained a Seller's Market.
Housing Prices in Friendsville, TN
How much do homes in Friendsville, TN cost?
Median Sold Price
$400,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Friendsville was $400,000 in April 2024, up 8.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | - | N/A |
2 Bedrooms | $209.4K | $229.9K | +9.8% |
3 Bedrooms | $394.9K | $362.5K | -8.2% |
4 Bedrooms | $375.5K | $536K | +42.7% |
5+ Bedrooms | $733.5K | - | N/A |
Summary: Friendsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Friendsville | $370K | $400K | +8.1% |
Maryville | $350K | $374.9K | +7.1% |
Housing Supply in Friendsville, TN
How many homes are available in Friendsville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The Friendsville real estate market had 25 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Friendsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Friendsville in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Friendsville, TN
How long does it take to sell a home in Friendsville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 37 Days | -26.5% |
Summary: Homes in Friendsville had an average of 37 days on market in Apr 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Friendsville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.