Is McMinn 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, McMinn County has remained a Seller's Market.
Housing Prices in McMinn County, TN
How much do homes in McMinn County, TN cost?
Median Sold Price
$248,160
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McMinn County was $248,160 in April 2024, up 3.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $108.2K | +25.9% |
2 Bedrooms | $159.4K | $179.9K | +12.9% |
3 Bedrooms | $239.9K | $245K | +2.2% |
4 Bedrooms | $315K | $322.5K | +2.4% |
5+ Bedrooms | $343.6K | $334.6K | -2.6% |
Summary: McMinn County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Counties
Monroe County | $260.4K | $300K | +15.2% |
Bradley County | $294.2K | $309.2K | +5.1% |
McMinn County | $239.9K | $248.1K | +3.4% |
Polk County | $279.4K | $280K | 0.2% |
Meigs County | $325.1K | $325K | 0% |
Housing Supply in McMinn County, TN
How many homes are available in McMinn County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
223 | 248 | +11.2% |
Summary: The McMinn County real estate market had 248 homes for sale in April 2024, a 11.2% increase 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 | 32 | 35 | +9.4% |
3 Bedrooms | 123 | 141 | +14.6% |
4 Bedrooms | 55 | 58 | +5.5% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The McMinn 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 increased by 9.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 55 | +19.6% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in McMinn County in April 2024, up by 19.6% month-over-month. Of the 54 sold homes, 61% were sold under asking, 11% were sold at asking, and 28% were sold over asking.
Days on Market for McMinn County, TN
How long does it take to sell a home in McMinn County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 56 Days | +20.7% |
Summary: Homes in McMinn County had an average of 56 days on market in Apr 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in McMinn County; 31% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.