Is Loudon, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Loudon has remained a Seller's Market.
Housing Prices in Loudon, TN
How much do homes in Loudon, TN cost?
Median Sold Price
$574,582
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Loudon was $574,582 in June 2024, up 15.5% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $191K | N/A |
2 Bedrooms | $193K | $230K | +19.2% |
3 Bedrooms | $500K | $570.6K | +14.1% |
4 Bedrooms | $650K | $650K | 0.0% |
5+ Bedrooms | $494.9K | $800K | +61.6% |
Summary: Loudon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 14.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 61.6%.
Housing Supply in Loudon, TN
How many homes are available in Loudon, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
259 | 240 | -7.3% |
Summary: The Loudon real estate market had 240 homes for sale in June 2024, a 7.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 177 | 160 | -9.6% |
4 Bedrooms | 57 | 59 | +3.5% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Loudon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
62 | 61 | -1.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Loudon in June 2024, down by 1.6% month-over-month. Of the 61 sold homes, 62% were sold under asking, 18% were sold at asking, and 20% were sold over asking.
Days on Market for Loudon, TN
How long does it take to sell a home in Loudon, TN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
62 Days | 39 Days | -36.4% |
Summary: Homes in Loudon had an average of 39 days on market in Jun 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 61 homes were sold in Loudon; 66% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.