Is Unicoi 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, Unicoi County has remained a Seller's Market.
Key Takeaway
Unicoi County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Unicoi County, TN
How much do homes in Unicoi County, TN cost?
Median Sold Price
$240,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Unicoi County have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Unicoi County was $240,000 in March 2024, up 9.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $156.4K | $149.5K | -4.5% |
| 3 Bedrooms | $222.5K | $276.9K | +24.4% |
| 4 Bedrooms | $280K | $320K | +14.3% |
| 5+ Bedrooms | $299K | $400K | +33.8% |
Summary: Unicoi County 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 4.5%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Counties
| Mitchell County | $235K | $267.5K | +13.8% |
| Unicoi County | $220K | $240K | +9.1% |
| Carter County | $208.4K | $221.2K | +6.1% |
| Washington County | $290.6K | $306.4K | +5.4% |
| Yancey County | $337K | $355K | +5.3% |
Housing Supply in Unicoi County, TN
How many homes are available in Unicoi County, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 62 | +1.6% |
Summary: The Unicoi County real estate market had 62 homes for sale in March 2024, a 1.6% 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Unicoi County 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 36.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Unicoi County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Unicoi County in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Unicoi County, TN
How long does it take to sell a home in Unicoi County, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 123 Days | 141 Days | +14.8% |
Summary: Homes in Unicoi County had an average of 141 days on market in Mar 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Unicoi County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in Unicoi County; 8% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 67% 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.
© 2024 of the REALTRACS MLS. All rights Reserved.