Is Fentress County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fentress County was a Seller's Market.
Key Takeaway
Fentress 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 Fentress County, TN
How much do homes in Fentress County, TN cost?
Median Sold Price
$250,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fentress County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Fentress County was $250,000 in April 2024, up 4.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.5K | $176.5K | +12.8% |
| 2 Bedrooms | $155K | $171K | +10.3% |
| 3 Bedrooms | $250K | $268K | +7.2% |
| 4 Bedrooms | $289K | $232.5K | -19.6% |
| 5+ Bedrooms | $280K | $699.5K | +149.8% |
Summary: Fentress County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 149.8%.
Median Sold Price Compared To Nearby Counties
| Morgan County | $205K | $240K | +17.1% |
| Cumberland County | $299.7K | $317.3K | +5.9% |
| Scott County | $199.5K | $210K | +5.3% |
| Fentress County | $239.4K | $250K | +4.4% |
Housing Supply in Fentress County, TN
How many homes are available in Fentress County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 207 | 224 | +8.2% |
Summary: The Fentress County real estate market had 224 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 32 | 38 | +18.8% |
| 3 Bedrooms | 142 | 152 | +7.0% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Fentress County 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 increased by 18.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 35 | +66.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fentress County, you may be able to get a good deal. 74.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Fentress County in April 2024, up by 66.7% month-over-month. Of the 35 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.
Days on Market for Fentress County, TN
How long does it take to sell a home in Fentress County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 68 Days | +63.3% |
Summary: Homes in Fentress County had an average of 68 days on market in Apr 2024, up by 63.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fentress County has remained consistent over time.
Summary: During April 2024, 35 homes were sold in Fentress County; 34% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 23% 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. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.