Is Roan Mountain, 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, Roan Mountain was a Seller's Market.
Housing Prices in Roan Mountain, TN
How much do homes in Roan Mountain, TN cost?
Median Sold Price
$378,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roan Mountain was $378,000 in April 2024, up 26% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $233.7K | $130K | -44.4% |
2 Bedrooms | $230K | $321.2K | +39.7% |
3 Bedrooms | $372.4K | $330K | -11.4% |
4 Bedrooms | $225K | $565K | +151.1% |
5+ Bedrooms | - | $492K | N/A |
Summary: Roan Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 39.7%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 151.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Roan Mountain | $300K | $378K | +26.0% |
Hampton | $182.5K | $166.5K | -8.8% |
Housing Supply in Roan Mountain, TN
How many homes are available in Roan Mountain, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Roan Mountain real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Roan Mountain 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 25%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Roan Mountain in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Roan Mountain, TN
How long does it take to sell a home in Roan Mountain, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 226 Days | +397.4% |
Summary: Homes in Roan Mountain had an average of 226 days on market in Apr 2024, up by 397.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Roan Mountain; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.