Is Washington County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Washington County has remained a Seller's Market.

Key Takeaway

Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Washington County, TN

How much do homes in Washington County, TN cost?

Median Sold Price

$323,506

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,506(+7.8%)

Key Takeaway

Homes in Washington County have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Washington County was $323,506 in November 2024, up 7.8% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $173K$165K
-4.6%
2 $185K$203.7K
+10.2%
3 $299.3K$319.9K
+6.9%
4 $400K$455K
+13.8%
5+ $597.5K$627.5K
+5.0%

Summary: Washington County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Counties

Carter County
+10.4%
Washington County
+7.8%
Greene County
+7.5%
Unicoi County
+4.5%
Sullivan County
+2.2%

Housing Supply in Washington County, TN

How many homes are available in Washington County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
619567-8.4%

Summary: The Washington County real estate market had 567 homes for sale in November 2024, a 8.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 87
-12.5%
2 130119
-8.5%
3 288271
-5.9%
4 144128
-11.1%
5+ 4942
-14.3%

Summary: The Washington County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
154116-24.7%

Asking Price vs. Sold Price

87 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 116 homes were sold or pending in Washington County in November 2024, down by 24.7% month-over-month. Of the 116 sold homes, 75% were sold under asking, 16% were sold at asking, and 9% 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 2023Nov 2024CHANGE
51 Days72 Days+41.7%

Summary: Homes in Washington County had an average of 72 days on market in Nov 2024, up by 41.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

68 Homes Were Sold
In 30 - 90 Days

30 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Washington County has remained consistent over time.

Summary: During November 2024, 116 homes were sold in Washington County; 16% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

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

Report Updated 5 Days Ago

Newest Listings in Washington County, TN

Nearby Markets to Washington County, TN

What housing markets are near Washington County, TN?