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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sneedville is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Sneedville was a Neutral Market.

Key Takeaway

Sneedville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sneedville, TN

How much do homes in Sneedville, TN cost?

Median Sold Price

$298,000

$256/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$116,250(-28.1%)

Key Takeaway

Homes in Sneedville have sold for 28.1% less than they did a month ago.

Summary: The median home sold price in Sneedville was $298,000 in March 2024, down 28.1% from last month, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 -$250K
N/A
2 --
N/A
3 $290K-
N/A
4 $538.5K$346K
-35.7%
5+ --
N/A

Summary: Sneedville housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes did not change.

Housing Supply in Sneedville, TN

How many homes are available in Sneedville, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1316+23.1%

Summary: The Sneedville real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 24
+100.0%
3 66
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Sneedville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sneedville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sneedville in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sneedville, TN

How long does it take to sell a home in Sneedville, TN?

Average Sale Time

Feb 2024Mar 2024CHANGE
131 Days66 Days-49.8%

Summary: Homes in Sneedville had an average of 66 days on market in Mar 2024, down by 49.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sneedville has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Sneedville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

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