Is Hamblen 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, Hamblen County has remained a Seller's Market.
Housing Prices in Hamblen County, TN
How much do homes in Hamblen County, TN cost?
Median Sold Price
$281,235
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hamblen County was $281,235 in April 2024, up 2.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $38K | N/A |
2 Bedrooms | $157.5K | $161.1K | +2.3% |
3 Bedrooms | $260.7K | $270K | +3.6% |
4 Bedrooms | $286.5K | $295.7K | +3.2% |
5+ Bedrooms | $319.5K | $317.5K | -0.6% |
Summary: Hamblen County 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 2.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
Greene County | $237.6K | $265K | +11.5% |
Jefferson County | $300.9K | $325K | +8.0% |
Cocke County | $230K | $240K | +4.3% |
Hamblen County | $274.9K | $281.2K | +2.3% |
Grainger County | $269.3K | $274.6K | +2.0% |
Housing Supply in Hamblen County, TN
How many homes are available in Hamblen County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 104 | -2.8% |
Summary: The Hamblen County real estate market had 104 homes for sale in April 2024, a 2.8% 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 | 24 | 23 | -4.2% |
3 Bedrooms | 55 | 53 | -3.6% |
4 Bedrooms | 23 | 20 | -13.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Hamblen 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 decreased by 4.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Hamblen County in April 2024, down by 22.2% month-over-month. Of the 20 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Hamblen County, TN
How long does it take to sell a home in Hamblen County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 59 Days | +3.7% |
Summary: Homes in Hamblen County had an average of 59 days on market in Apr 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Hamblen County; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.