Is Scott County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Scott County was a Seller's Market.
Housing Prices in Scott County, TN
How much do homes in Scott County, TN cost?
Median Sold Price
$215,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Scott County was $215,000 in March 2024, up 14.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $17.5K | $135.3K | +673.1% |
2 Bedrooms | $148K | $213K | +43.9% |
3 Bedrooms | $203.5K | $220K | +8.1% |
4 Bedrooms | $230K | $235K | +2.2% |
5+ Bedrooms | $421K | $155K | -63.2% |
Summary: Scott County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 673.1%, 2 bedroom homes increased by 43.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 63.2%.
Median Sold Price Compared To Nearby Counties
Morgan County | $200K | $240K | +20.0% |
Scott County | $187.5K | $215K | +14.7% |
Anderson County | $288.6K | $320K | +10.9% |
Campbell County | $224.2K | $230.7K | +2.9% |
Fentress County | $239.9K | $246.9K | +2.9% |
Housing Supply in Scott County, TN
How many homes are available in Scott County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 75 | +19.0% |
Summary: The Scott County real estate market had 75 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Scott County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Scott County in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Scott County, TN
How long does it take to sell a home in Scott County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 85 Days | 0.4% |
Summary: Homes in Scott County had an average of 85 days on market in Mar 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Scott County; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.