Is Kodak, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kodak is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Kodak was a Seller's Market.

Key Takeaway

Kodak is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kodak, TN

How much do homes in Kodak, TN cost?

Median Sold Price

$410,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$37,550(+10.1%)

Key Takeaway

Homes in Kodak have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Kodak was $410,000 in September 2024, up 10.1% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$325K
N/A
2 $247K$351K
+42.1%
3 $370K$402.5K
+8.8%
4 $450K$690K
+53.3%
5+ $409.5K$750K
+83.1%

Summary: Kodak housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 83.1%.

Median Sold Price Compared To Nearby Cities

Strawberry Plains
+30.6%
Kodak
+10.1%
Sevierville
+0.8%

Housing Supply in Kodak, TN

How many homes are available in Kodak, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4045+12.5%

Summary: The Kodak real estate market had 45 homes for sale in September 2024, a 12.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 49
+125.0%
3 2727
0.0%
4 66
0.0%
5+ 12
+100.0%

Summary: The Kodak housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 125%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kodak, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Kodak in September 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Kodak, TN

How long does it take to sell a home in Kodak, TN?

Average Sale Time

Sep 2023Sep 2024CHANGE
89 Days53 Days-40.8%

Summary: Homes in Kodak had an average of 53 days on market in Sep 2024, down by 40.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kodak are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Kodak; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

Newest Listings in Kodak, TN

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