Is Knox 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, Knox County has remained a Seller's Market.
Housing Prices in Knox County, TN
How much do homes in Knox County, TN cost?
Median Sold Price
$367,900
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Knox County was $367,900 in April 2024, up 7.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $235K | +38.3% |
2 Bedrooms | $225K | $245.6K | +9.2% |
3 Bedrooms | $325K | $349.1K | +7.4% |
4 Bedrooms | $478.7K | $507.4K | +6.0% |
5+ Bedrooms | $675K | $679.9K | +0.7% |
Summary: Knox County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
Loudon County | $400.9K | $482.4K | +20.3% |
Anderson County | $289.9K | $324.6K | +12.0% |
Knox County | $342K | $367.9K | +7.6% |
Blount County | $355.7K | $374.9K | +5.4% |
Union County | $284.5K | $298.4K | +4.9% |
Housing Supply in Knox County, TN
How many homes are available in Knox County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,928 | 1,978 | +2.6% |
Summary: The Knox County real estate market had 1,978 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 32 | +28.0% |
2 Bedrooms | 276 | 301 | +9.1% |
3 Bedrooms | 935 | 940 | 0.5% |
4 Bedrooms | 542 | 538 | -0.7% |
5+ Bedrooms | 150 | 167 | +11.3% |
Summary: The Knox County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
585 | 571 | -2.4% |
Asking Price vs. Sold Price
265 Homes Were Sold
Under Asking
135 Homes Were Sold
At Asking
168 Homes Were Sold
Over Asking
Summary: A total of 571 homes were sold or pending in Knox County in April 2024, down by 2.4% month-over-month. Of the 568 sold homes, 47% were sold under asking, 24% were sold at asking, and 30% were sold over asking.
Days on Market for Knox County, TN
How long does it take to sell a home in Knox County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 31 Days | +18.4% |
Summary: Homes in Knox County had an average of 31 days on market in Apr 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
413 Homes Were Sold
Under 30 Days
90 Homes Were Sold
In 30 - 90 Days
66 Homes Were Sold
Over 90 Days
Summary: During April 2024, 571 homes were sold in Knox County; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.