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 2023
Since last year, Roane County has remained a Seller's Market.
Housing Prices in Roane County, TN
How much do homes in Roane County, TN cost?
Median Sold Price
$265,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Roane County was $265,000 in June 2024, up 14.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $128K | -14.7% |
2 Bedrooms | $160K | $200K | +25.0% |
3 Bedrooms | $236.8K | $268.3K | +13.3% |
4 Bedrooms | $310K | $334K | +7.7% |
5+ Bedrooms | $373.5K | $390K | +4.4% |
Summary: Roane County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Counties
Loudon County | $415K | $489.9K | +18.1% |
Roane County | $230.5K | $265K | +14.9% |
Morgan County | $210K | $240K | +14.3% |
Rhea County | $270.1K | $294.8K | +9.2% |
Cumberland County | $300K | $321K | +7.0% |
Housing Supply in Roane County, TN
How many homes are available in Roane County, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
266 | 265 | -0.4% |
Summary: The Roane County real estate market had 265 homes for sale in June 2024, a 0.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 55 | 54 | -1.8% |
3 Bedrooms | 142 | 144 | +1.4% |
4 Bedrooms | 51 | 48 | -5.9% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Roane County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 46 | -22.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Roane County in June 2024, down by 22.0% month-over-month. Of the 46 sold homes, 63% were sold under asking, 15% were sold at asking, and 22% were sold over asking.
Days on Market for Roane County, TN
How long does it take to sell a home in Roane County, TN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 38 Days | +44.4% |
Summary: Homes in Roane County had an average of 38 days on market in Jun 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 46 homes were sold in Roane County; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.