Is La Follette, 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, La Follette has remained a Seller's Market.
Housing Prices in La Follette, TN
How much do homes in La Follette, TN cost?
Median Sold Price
$217,416
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Follette was $217,416 in April 2024, up 3.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.4K | $111.9K | +12.6% |
2 Bedrooms | $123.6K | $160.5K | +29.8% |
3 Bedrooms | $210K | $217K | +3.3% |
4 Bedrooms | $242K | $289.9K | +19.8% |
5+ Bedrooms | $849.9K | $900K | +5.9% |
Summary: La Follette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Jacksboro | $267K | $285K | +6.8% |
La Follette | $210K | $217.4K | +3.5% |
Housing Supply in La Follette, TN
How many homes are available in La Follette, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 104 | -1.0% |
Summary: The La Follette real estate market had 104 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 64 | 61 | -4.7% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The La Follette 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 10%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in La Follette in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for La Follette, TN
How long does it take to sell a home in La Follette, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 64 Days | -41.5% |
Summary: Homes in La Follette had an average of 64 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in La Follette; 52% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.