Is Roane County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roane County is a 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

# BEDSJun 2021Jun 2022%
1 $115K$141.5K
+23.0%
2 $125K$160K
+28.0%
3 $184.3K$225K
+22.1%
4 $278K$294.9K
+6.1%
5+ $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 2022Jun 2022%
220246+11.8%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 13
+200.0%
2 3739
+5.4%
3 135148
+9.6%
4 3645
+25.0%
5+ 1111
0.0%

Number of Homes Sold

May 2022Jun 2022%
6265+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

Asking vs Sold - buyer

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roane County are selling fast, if you're buying plan to act quickly.

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

About Roane County, TN

Roane County, TN has 246 homes for sale to choose from. Between May 2022 and June 2022, Roane County, TN real estate market has seen increase in the number of listings by 11.8%. In June 2022 median list price was $223,883 and the average listing age was 12 days. From May 2022 through June 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 23%, 2 bedrooms properties prices increased by 28%, prices of 3 bedrooms properties went up by 22.1%, 4 bedrooms properties prices increased by 6.1%, the cost of 5 bedrooms properties went down by 21.8%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 200%, 2 bedrooms homes inventory increased by 5.4%, 3 bedrooms homes inventory increased by 9.6%, number of 4 bedrooms homes increased by 25%, volume of 5 bedrooms homes stayed the same. Roane County, TN housing market in June 2022 saw over 26 listings sold above listed price, more than 10 sold at listed price and over 28 sold below.

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