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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loudon is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Loudon has remained a Neutral Market.

Key Takeaway

Loudon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Loudon, TN

How much do homes in Loudon, TN cost?

Median Sold Price

$543,337

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$193,337(+55.2%)

Key Takeaway

Homes in Loudon have sold for 55.2% more than they did a year ago.

Summary: The median home sold price in Loudon was $543,337 in February 2024, up 55.2% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $172.4K$230K
+33.4%
3 $368.3K$545K
+48.0%
4 $360.8K$650K
+80.1%
5+ $362.5K$800K
+120.6%

Summary: Loudon housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.4%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 80.1%, and 5+ bedroom homes increased by 120.6%.

Housing Supply in Loudon, TN

How many homes are available in Loudon, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
177200+13.0%

Summary: The Loudon real estate market had 200 homes for sale in February 2024, a 13.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 1113
+18.2%
3 122133
+9.0%
4 3743
+16.2%
5+ 58
+60.0%

Summary: The Loudon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2433+37.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loudon, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Loudon in February 2024, up by 37.5% month-over-month. Of the 33 sold homes, 61% were sold under asking, 27% were sold at asking, and 12% were sold over asking.

Days on Market for Loudon, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 1 Day Ago

Newest Listings in Loudon, TN

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