Is Loudon County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loudon County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Loudon County has remained a Seller's Market.

Key Takeaway

Loudon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$81,543(+20.3%)

Key Takeaway

Homes in Loudon County have sold for 20.3% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $147.4K$191K
+29.5%
2 $239.9K$285K
+18.8%
3 $419.5K$485K
+15.6%
4 $538.5K$600K
+11.4%
5+ $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
+20.3%
Monroe County
+15.2%
Roane County
+10.7%
Blount County
+5.4%
McMinn County
+3.4%

Housing Supply in Loudon County, TN

How many homes are available in Loudon County, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
406436+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

# BEDSMar 2024Apr 2024CHANGE
1 41
-75.0%
2 3734
-8.1%
3 238256
+7.6%
4 106114
+7.5%
5+ 2131
+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 2024Apr 2024CHANGE
85101+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loudon County, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
28 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Loudon County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Loudon County, TN

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