Is Washington County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Washington County has remained a Seller's Market.
Housing Prices in Washington County, TN
How much do homes in Washington County, TN cost?
Median Sold Price
$299,948
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Washington County was $299,948 in November 2023, up 5.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $142.8K | $164K | +14.8% |
2 Bedrooms | $170K | $185K | +8.8% |
3 Bedrooms | $274.9K | $296.2K | +7.7% |
4 Bedrooms | $399.2K | $399.9K | 0.2% |
5+ Bedrooms | $566.9K | $613K | +8.1% |
Summary: Washington County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Counties
Sullivan County | $229.9K | $255K | +10.9% |
Carter County | $199.9K | $218K | +9.1% |
Greene County | $234.7K | $250K | +6.5% |
Unicoi County | $217K | $230K | +6.0% |
Washington County | $285K | $299.9K | +5.2% |
Housing Supply in Washington County, TN
How many homes are available in Washington County, TN?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
501 | 514 | +2.6% |
Summary: The Washington County real estate market had 514 homes for sale in November 2023, a 2.6% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 86 | 102 | +18.6% |
3 Bedrooms | 269 | 283 | +5.2% |
4 Bedrooms | 106 | 89 | -16.0% |
5+ Bedrooms | 37 | 38 | +2.7% |
Summary: The Washington County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
134 | 126 | -6.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in Washington County in November 2023, down by 6.0% month-over-month. Of the 126 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Washington County, TN
How long does it take to sell a home in Washington County, TN?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
48 Days | 51 Days | +6.1% |
Summary: Homes in Washington County had an average of 51 days on market in Nov 2023, up by 6.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During November 2023, 126 homes were sold in Washington County; 21% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.