Is Roane County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2021
Since last year, Roane County has remained a Seller's Market.
Key Takeaway
Roane County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Roane County, TN cost?
Median Sold Price
$223,883
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2021
+$37,770(+20.3%)
Key Takeaway
Homes in Roane County have sold for 20.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jun 2021 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | $115K | $141.5K | +23.0% |
| 2 Bedrooms | $125K | $160K | +28.0% |
| 3 Bedrooms | $184.3K | $225K | +22.1% |
| 4 Bedrooms | $278K | $294.9K | +6.1% |
| 5+ Bedrooms | $435K | $340K | -21.8%  |
Median Sold Price Compared To Nearby Counties
| % | |
|---|---|
| Cumberland County | +23.6% |
| Roane County | +20.3% |
| Loudon County | +13.8% |
| Morgan County | +12.6% |
| Rhea County | +4.1% |
How many homes are available in Roane County, TN?
Number of Homes For Sale
| May 2022 | Jun 2022 | % |
|---|---|---|
| 220 | 246 | +11.8% |
Homes For Sale By Bedroom Count
| # BEDS | May 2022 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 135 | 148 | +9.6% |
| 4 Bedrooms | 36 | 45 | +25.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Number of Homes Sold
| May 2022 | Jun 2022 | % |
|---|---|---|
| 62 | 65 | +4.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roane County, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roane County are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2022 Greater Chattanooga Association of REALTORS®.
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