Is Talbott, 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, Talbott was a Buyer's Market.
Key Takeaway
Talbott is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Talbott, TN
How much do homes in Talbott, TN cost?
Median Sold Price
$290,667
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Talbott have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Talbott was $290,667 in April 2024, up 2.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $256.6K | $132K | -48.6% |
| 3 Bedrooms | $261.2K | $285K | +9.1% |
| 4 Bedrooms | $282.9K | $290.2K | +2.6% |
| 5+ Bedrooms | $303.2K | $322.7K | +6.4% |
Summary: Talbott 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 48.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| White Pine | $229.9K | $275K | +19.6% |
| Jefferson City | $274.9K | $299.9K | +9.1% |
| Talbott | $282.6K | $290.6K | +2.8% |
| Morristown | $265.1K | $270K | +1.8% |
Housing Supply in Talbott, TN
How many homes are available in Talbott, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The Talbott real estate market had 18 homes for sale in April 2024, a 21.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Talbott 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 remained the same, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Talbott, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Talbott in April 2024, down by 33.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Talbott, TN
How long does it take to sell a home in Talbott, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 123 Days | 37 Days | -69.6% |
Summary: Homes in Talbott had an average of 37 days on market in Apr 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Talbott are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Talbott; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.