Is Talbott, 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, Talbott has remained a Seller's Market.
Housing Prices in Talbott, TN
How much do homes in Talbott, TN cost?
Median Sold Price
$289,740
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Talbott was $289,740 in March 2024, up 2.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $256.6K | $132K | -48.6% |
3 Bedrooms | $261.2K | $285.7K | +9.4% |
4 Bedrooms | $283.7K | $287.6K | +1.4% |
5+ Bedrooms | $303.3K | $317.4K | +4.7% |
Summary: Talbott housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
White Pine | $229.9K | $275K | +19.6% |
Jefferson City | $265K | $299.9K | +13.2% |
Talbott | $282.9K | $289.7K | +2.4% |
Morristown | $265.1K | $269.9K | +1.8% |
Housing Supply in Talbott, TN
How many homes are available in Talbott, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Talbott real estate market had 23 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Talbott 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 increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Talbott in March 2024, up by 200.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Talbott, TN
How long does it take to sell a home in Talbott, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 37 Days | -46.0% |
Summary: Homes in Talbott had an average of 37 days on market in Mar 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Talbott; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.