Is Blount County, 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, Blount County has remained a Seller's Market.
Housing Prices in Blount County, TN
How much do homes in Blount County, TN cost?
Median Sold Price
$374,999
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Blount County was $374,999 in April 2024, up 5.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $299.5K | +42.6% |
2 Bedrooms | $238.3K | $258.6K | +8.5% |
3 Bedrooms | $349.1K | $366.3K | +4.9% |
4 Bedrooms | $486K | $530K | +9.1% |
5+ Bedrooms | $612.5K | $622.5K | +1.6% |
Summary: Blount County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
Loudon County | $400.9K | $482.4K | +20.3% |
Monroe County | $260.4K | $300K | +15.2% |
Knox County | $342K | $367.9K | +7.6% |
Blount County | $355.7K | $374.9K | +5.4% |
Housing Supply in Blount County, TN
How many homes are available in Blount County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
551 | 561 | +1.8% |
Summary: The Blount County real estate market had 561 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 11 | -8.3% |
2 Bedrooms | 99 | 102 | +3.0% |
3 Bedrooms | 295 | 310 | +5.1% |
4 Bedrooms | 107 | 98 | -8.4% |
5+ Bedrooms | 38 | 40 | +5.3% |
Summary: The Blount County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 136 | -0.7% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 136 homes were sold or pending in Blount County in April 2024, down by 0.7% month-over-month. Of the 135 sold homes, 44% were sold under asking, 24% were sold at asking, and 32% were sold over asking.
Days on Market for Blount County, TN
How long does it take to sell a home in Blount County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 31 Days | -12.2% |
Summary: Homes in Blount County had an average of 31 days on market in Apr 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 136 homes were sold in Blount County; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.