Is Loudon, 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, Loudon has remained a Seller's Market.
Housing Prices in Loudon, TN
How much do homes in Loudon, TN cost?
Median Sold Price
$557,980
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Loudon was $557,980 in April 2024, up 12.6% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $191K | N/A |
2 Bedrooms | $185K | $236K | +27.6% |
3 Bedrooms | $500.5K | $555K | +10.9% |
4 Bedrooms | $648.7K | $660K | +1.7% |
5+ Bedrooms | $387.7K | $800K | +106.3% |
Summary: Loudon 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 27.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 106.3%.
Housing Supply in Loudon, TN
How many homes are available in Loudon, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
228 | 240 | +5.3% |
Summary: The Loudon real estate market had 240 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 143 | 151 | +5.6% |
4 Bedrooms | 57 | 60 | +5.3% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Loudon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 58 | +28.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Loudon in April 2024, up by 28.9% month-over-month. Of the 58 sold homes, 53% were sold under asking, 34% were sold at asking, and 12% were sold over asking.
Days on Market for Loudon, TN
How long does it take to sell a home in Loudon, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 58 Days | +93.7% |
Summary: Homes in Loudon had an average of 58 days on market in Apr 2024, up by 93.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Loudon; 50% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.