Is Sullivan County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sullivan County has remained a Seller's Market.
Key Takeaway
Sullivan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sullivan County, TN
How much do homes in Sullivan County, TN cost?
Median Sold Price
$258,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sullivan County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Sullivan County was $258,500 in March 2024, up 7.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | $115K | 0.1% |
| 2 Bedrooms | $143K | $165K | +15.4% |
| 3 Bedrooms | $239K | $249.9K | +4.5% |
| 4 Bedrooms | $330K | $350.7K | +6.3% |
| 5+ Bedrooms | $465K | $425K | -8.6% |
Summary: Sullivan County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Counties
| Scott County | $160K | $173K | +8.1% |
| Sullivan County | $239.6K | $258.5K | +7.8% |
| Washington County | $255.7K | $275.5K | +7.7% |
| Carter County | $208.4K | $221.2K | +6.1% |
| Washington County | $290.6K | $306.4K | +5.4% |
Housing Supply in Sullivan County, TN
How many homes are available in Sullivan County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 580 | 608 | +4.8% |
Summary: The Sullivan County real estate market had 608 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 113 | 109 | -3.5% |
| 3 Bedrooms | 289 | 304 | +5.2% |
| 4 Bedrooms | 127 | 145 | +14.2% |
| 5+ Bedrooms | 48 | 46 | -4.2% |
Summary: The Sullivan County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 | 168 | +21.7% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sullivan County, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 168 homes were sold or pending in Sullivan County in March 2024, up by 21.7% month-over-month. Of the 168 sold homes, 61% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Sullivan County, TN
How long does it take to sell a home in Sullivan County, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 69 Days | +43.4% |
Summary: Homes in Sullivan County had an average of 69 days on market in Mar 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sullivan County has remained consistent over time.
Summary: During March 2024, 168 homes were sold in Sullivan County; 18% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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. Some or all of the listings may not belong to the firm whose website is being visited. 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. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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