Is Tazewell, 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, Tazewell was a Seller's Market.
Housing Prices in Tazewell, TN
How much do homes in Tazewell, TN cost?
Median Sold Price
$204,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tazewell was $204,000 in March 2024, up 7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $130K | +8.3% |
2 Bedrooms | $177K | $150K | -15.3% |
3 Bedrooms | $187K | $212.5K | +13.6% |
4 Bedrooms | $200K | $260K | +30.0% |
5+ Bedrooms | $347.4K | $156K | -55.1% |
Summary: Tazewell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 55.1%.
Median Sold Price Compared To Nearby Cities
Tazewell | $190.7K | $204K | +7.0% |
New Tazewell | $274.9K | $245K | -10.9% |
Housing Supply in Tazewell, TN
How many homes are available in Tazewell, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 45 | +4.7% |
Summary: The Tazewell real estate market had 45 homes for sale in March 2024, a 4.7% 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 | 6 | 5 | -16.7% |
3 Bedrooms | 29 | 29 | 0.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tazewell 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Tazewell in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Tazewell, TN
How long does it take to sell a home in Tazewell, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 51 Days | -15.8% |
Summary: Homes in Tazewell had an average of 51 days on market in Mar 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Tazewell; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.