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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bledsoe County is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Bledsoe County was a Seller's Market.

Key Takeaway

Bledsoe County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bledsoe County, TN

How much do homes in Bledsoe County, TN cost?

Median Sold Price

$226,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$11,000(-4.6%)

Key Takeaway

Homes in Bledsoe County have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Bledsoe County was $226,000 in April 2024, down 4.6% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $139K$250K
+79.9%
2 $158K$180K
+13.9%
3 $261K$225K
-13.8%
4 $308K$385K
+25.0%
5+ $350K$700K
+100.0%

Summary: Bledsoe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.9%, 2 bedroom homes increased by 13.9%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Median Sold Price Compared To Nearby Counties

Van Buren County
+89.8%
Cumberland County
+5.9%
Rhea County
+3.0%
Sequatchie County
-4.3%
Bledsoe County
-4.6%

Housing Supply in Bledsoe County, TN

How many homes are available in Bledsoe County, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4356+30.2%

Summary: The Bledsoe County real estate market had 56 homes for sale in April 2024, a 30.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 13
+200.0%
2 1614
-12.5%
3 1522
+46.7%
4 811
+37.5%
5+ 36
+100.0%

Summary: The Bledsoe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bledsoe County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Bledsoe County in April 2024, up by 50.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Bledsoe County, TN

How long does it take to sell a home in Bledsoe County, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
19 Days28 Days+47.4%

Summary: Homes in Bledsoe County had an average of 28 days on market in Apr 2024, up by 47.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bledsoe County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in Bledsoe County; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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 3 Days Ago

Newest Listings in Bledsoe County, TN

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