Is Vonore, 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, Vonore has remained a Seller's Market.
Housing Prices in Vonore, TN
How much do homes in Vonore, TN cost?
Median Sold Price
$585,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vonore was $585,000 in March 2024, up 15.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225.5K | $40K | -82.3% |
2 Bedrooms | $279K | $271.4K | -2.7% |
3 Bedrooms | $459.9K | $550K | +19.6% |
4 Bedrooms | $765K | $887.5K | +16.0% |
5+ Bedrooms | $1.4M | $1.6M | +14.7% |
Summary: Vonore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
Vonore | $504.9K | $585K | +15.9% |
Greenback | $410K | $400K | -2.4% |
Housing Supply in Vonore, TN
How many homes are available in Vonore, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 44 | -13.7% |
Summary: The Vonore real estate market had 44 homes for sale in March 2024, a 13.7% decrease 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 | 5 | 4 | -20.0% |
3 Bedrooms | 34 | 27 | -20.6% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Vonore 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 20%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Vonore in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Vonore, TN
How long does it take to sell a home in Vonore, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
92 Days | 73 Days | -20.7% |
Summary: Homes in Vonore had an average of 73 days on market in Mar 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Vonore; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.