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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loudon is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Loudon has remained a Seller's Market.

Key Takeaway

Loudon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Loudon, TN cost?

Median Sold Price

$215,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$15,100(+7.6%)

Key Takeaway

Homes in Loudon have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$145K
N/A
2 $122.3K$160K
+30.8%
3 $199.9K$229.5K
+14.8%
4 $237.5K$390K
+64.2%
5+ $395K$1.3M
+251.3%

How many homes are available in Loudon, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
4548+6.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 66
0.0%
3 2120
-4.8%
4 1014
+40.0%
5+ 88
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
119-18.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loudon, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

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

About Loudon, TN

Number of homes for sale in Loudon, TN real estate market have reached 48. The number of homes for sale in Loudon, TN increased by 6.7% between March 2022 and April 2022. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 30.8%, prices of 3 bedrooms properties went up by 14.8%, prices of 4 bedrooms properties increased by 64.2%, prices of 5 bedrooms properties increased by 251.3%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 4.8%, the quantity of 4 bedrooms homes went up by 40%, volume of 5 bedrooms homes stayed the same. Loudon, TN housing market in April 2022 saw over 6 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.