Is Roane 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, Roane County has remained a Seller's Market.
Housing Prices in Roane County, TN
How much do homes in Roane County, TN cost?
Median Sold Price
$259,300
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roane County was $259,300 in April 2024, up 10.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $128.5K | -14.3% |
2 Bedrooms | $160K | $200K | +25.0% |
3 Bedrooms | $240.7K | $259.3K | +7.7% |
4 Bedrooms | $300K | $344.5K | +14.8% |
5+ Bedrooms | $360K | $545K | +51.4% |
Summary: Roane County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 51.4%.
Median Sold Price Compared To Nearby Counties
Loudon County | $400.9K | $482.4K | +20.3% |
Morgan County | $205K | $240K | +17.1% |
Roane County | $234.3K | $259.3K | +10.7% |
Cumberland County | $299.7K | $317.3K | +5.9% |
Rhea County | $285K | $293.5K | +3.0% |
Housing Supply in Roane County, TN
How many homes are available in Roane County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
243 | 238 | -2.1% |
Summary: The Roane County real estate market had 238 homes for sale in April 2024, a 2.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 57 | 54 | -5.3% |
3 Bedrooms | 125 | 126 | +0.8% |
4 Bedrooms | 46 | 45 | -2.2% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Roane County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 54 | -8.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Roane County in April 2024, down by 8.5% month-over-month. Of the 54 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for Roane County, TN
How long does it take to sell a home in Roane County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 38 Days | -4.5% |
Summary: Homes in Roane County had an average of 38 days on market in Apr 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Roane County; 59% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.