Is Friendsville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Friendsville has remained a Seller's Market.
Housing Prices in Friendsville, TN
How much do homes in Friendsville, TN cost?
Median Sold Price
$389,900
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Friendsville was $389,900 in May 2024, down 0.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | - | N/A |
2 Bedrooms | $222.2K | $194.9K | -12.3% |
3 Bedrooms | $400K | $360K | -10.0% |
4 Bedrooms | $400K | $536K | +34.0% |
5+ Bedrooms | $733.5K | - | N/A |
Summary: Friendsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 34%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Maryville | $351.8K | $374.6K | +6.5% |
Friendsville | $392K | $389.9K | -0.5% |
Housing Supply in Friendsville, TN
How many homes are available in Friendsville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Summary: The Friendsville real estate market had 23 homes for sale in May 2024, a 8.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Friendsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Friendsville in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Friendsville, TN
How long does it take to sell a home in Friendsville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 10 Days | +150.0% |
Summary: Homes in Friendsville had an average of 10 days on market in May 2024, up by 150% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Friendsville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.