Is Roan Mountain, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Roan Mountain was $378,000 in May 2024, up 20% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $233.7K | $130K | -44.4% |
2 Bedrooms | $282.5K | $438.7K | +55.3% |
3 Bedrooms | $375K | $326.2K | -13.0% |
4 Bedrooms | $225K | $565K | +151.1% |
5+ Bedrooms | - | $446K | N/A |
Summary: Roan Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 55.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 151.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Roan Mountain | $315K | $378K | +20.0% |
Hampton | $168K | $181K | +7.7% |
Harrell Township | $299.5K | $292K | -2.5% |
Housing Supply in Roan Mountain, TN
How many homes are available in Roan Mountain, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The Roan Mountain real estate market had 22 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Roan Mountain 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 increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
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 May 2024, the same as the previous 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
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 49 Days | -25.1% |
Summary: Homes in Roan Mountain had an average of 49 days on market in May 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Roan Mountain; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.