Is Alcoa, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alcoa has remained a Seller's Market.
Housing Prices in Alcoa, TN
How much do homes in Alcoa, TN cost?
Median Sold Price
$279,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alcoa was $279,500 in April 2024, up 4.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $238.9K | +11.1% |
3 Bedrooms | $299.9K | $285K | -5.0% |
4 Bedrooms | $607.5K | $629.5K | +3.6% |
5+ Bedrooms | $729.9K | $329K | -54.9% |
Summary: Alcoa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 54.9%.
Median Sold Price Compared To Nearby Cities
Louisville | $435.5K | $494.4K | +13.5% |
Knoxville | $335.2K | $365.6K | +9.1% |
Maryville | $350K | $374.9K | +7.1% |
Alcoa | $267.3K | $279.5K | +4.5% |
Housing Supply in Alcoa, TN
How many homes are available in Alcoa, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 35 | -14.6% |
Summary: The Alcoa real estate market had 35 homes for sale in April 2024, a 14.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 21 | 17 | -19.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Alcoa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 11 | -35.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Alcoa in April 2024, down by 35.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Alcoa, TN
How long does it take to sell a home in Alcoa, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -31.1% |
Summary: Homes in Alcoa had an average of 20 days on market in Apr 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Alcoa; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.