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.
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
$299,948
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Washington County have sold for 5.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Washington County, you may be able to get a good deal. 43.7% of homes here sold below asking price last month.
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
Key Takeaway
Avg time on Rocket Homes in Washington County has remained consistent over time.
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.
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.