Is Norris, 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, Norris has remained a Seller's Market.
Housing Prices in Norris, TN
How much do homes in Norris, TN cost?
Median Sold Price
$374,950
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norris was $374,950 in April 2024, up 36.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $238.7K | $225K | -5.7% |
3 Bedrooms | $402.5K | $349.9K | -13.1% |
4 Bedrooms | $296.7K | $434.5K | +46.4% |
5+ Bedrooms | $510K | $506.9K | -0.6% |
Summary: Norris 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 decreased by 5.7%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Norris | $275K | $374.9K | +36.3% |
Andersonville | $414.9K | $445K | +7.2% |
Housing Supply in Norris, TN
How many homes are available in Norris, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Summary: The Norris real estate market had 8 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Norris 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 200%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Norris in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Norris, TN
How long does it take to sell a home in Norris, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
211 Days | 158 Days | -25.1% |
Summary: Homes in Norris had an average of 158 days on market in Apr 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Norris; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.