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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Talbott is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Talbott was a Seller's Market.

Key Takeaway

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

How much do homes in Talbott, TN cost?

Median Sold Price

$275,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$25,000(+10.0%)

Key Takeaway

Homes in Talbott have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $137.5K-
N/A
2 $70K$255.7K
+265.4%
3 $244.9K$272.5K
+11.2%
4 $569.9K$297K
-47.9%
5+ -$273.8K
N/A

Median Sold Price Compared To Nearby Cities

Jefferson City
+10.3%
Talbott
+10.0%
Morristown
+1.6%

How many homes are available in Talbott, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
1830+66.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 13
+200.0%
3 1120
+81.8%
4 34
+33.3%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
01+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Talbott, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

About Talbott, TN

Talbott, TN has 30 homes on the market. The number of listings in Talbott, TN increased by 66.7% between September 2022 and October 2022. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 265.4%, prices of 3 bedrooms properties went up by 11.2%, the cost of 4 bedrooms properties went down by 47.9%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 200%, number of 3 bedrooms homes increased by 81.8%, number of 4 bedrooms homes increased by 33.3%, 5 bedrooms homes did not move. In October 2022, from all listings sold in Talbott, TN there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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