Is Piney Flats, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Piney Flats was a Neutral Market.
Key Takeaway
Piney Flats is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piney Flats, TN
How much do homes in Piney Flats, TN cost?
Median Sold Price
$384,122
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Piney Flats have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Piney Flats was $384,122 in April 2024, down 10.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $175K | $211.4K | +20.8% |
| 3 Bedrooms | $422.4K | $352.5K | -16.5% |
| 4 Bedrooms | $550K | $417K | -24.2% |
| 5+ Bedrooms | $514.7K | $520K | +1.0% |
Summary: Piney Flats 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 20.8%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| Blountville | $270K | $284.5K | +5.4% |
| Johnson City | $275.4K | $289.7K | +5.2% |
| Bluff City | $282.5K | $273.7K | -3.1% |
| Piney Flats | $428.2K | $384.1K | -10.3% |
Housing Supply in Piney Flats, TN
How many homes are available in Piney Flats, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The Piney Flats real estate market had 19 homes for sale in April 2024, a 24.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Piney Flats 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 decreased by 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piney Flats, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Piney Flats in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Piney Flats, TN
How long does it take to sell a home in Piney Flats, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 44 Days | -50.3% |
Summary: Homes in Piney Flats had an average of 44 days on market in Apr 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Piney Flats has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Piney Flats; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
