Is Loudon 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, Loudon County has remained a Seller's Market.
Housing Prices in Loudon County, TN
How much do homes in Loudon County, TN cost?
Median Sold Price
$482,466
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Loudon County was $482,466 in April 2024, up 20.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.4K | $191K | +29.5% |
2 Bedrooms | $239.9K | $285K | +18.8% |
3 Bedrooms | $419.5K | $485K | +15.6% |
4 Bedrooms | $538.5K | $600K | +11.4% |
5+ Bedrooms | $407.3K | $668.7K | +64.2% |
Summary: Loudon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 64.2%.
Median Sold Price Compared To Nearby Counties
Loudon County | $400.9K | $482.4K | +20.3% |
Monroe County | $260.4K | $300K | +15.2% |
Roane County | $234.3K | $259.3K | +10.7% |
Blount County | $355.7K | $374.9K | +5.4% |
McMinn County | $239.9K | $248.1K | +3.4% |
Housing Supply in Loudon County, TN
How many homes are available in Loudon County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
406 | 436 | +7.4% |
Summary: The Loudon County real estate market had 436 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 1 | -75.0% |
2 Bedrooms | 37 | 34 | -8.1% |
3 Bedrooms | 238 | 256 | +7.6% |
4 Bedrooms | 106 | 114 | +7.5% |
5+ Bedrooms | 21 | 31 | +47.6% |
Summary: The Loudon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 47.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 101 | +18.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Loudon County in April 2024, up by 18.8% month-over-month. Of the 101 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for Loudon County, TN
How long does it take to sell a home in Loudon County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 46 Days | +60.4% |
Summary: Homes in Loudon County had an average of 46 days on market in Apr 2024, up by 60.4% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 101 homes were sold in Loudon County; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.