Is Blount County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blount County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Blount County has remained a Seller's Market.

Key Takeaway

Blount County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Blount County, TN

How much do homes in Blount County, TN cost?

Median Sold Price

$374,519

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,707(+4.4%)

Key Takeaway

Homes in Blount County have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Blount County was $374,519 in May 2024, up 4.4% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $238.7K$299K
+25.2%
2 $240K$257.5K
+7.3%
3 $349.1K$367.7K
+5.3%
4 $485K$528.6K
+9.0%
5+ $615K$622.5K
+1.2%

Summary: Blount County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Counties

Loudon County
+22.3%
Monroe County
+14.9%
Graham County
+8.6%
Knox County
+6.7%
Blount County
+4.4%

Housing Supply in Blount County, TN

How many homes are available in Blount County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
566578+2.1%

Summary: The Blount County real estate market had 578 homes for sale in May 2024, a 2.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1112
+9.1%
2 10795
-11.2%
3 308324
+5.2%
4 102108
+5.9%
5+ 3839
+2.6%

Summary: The Blount County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 2.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
141157+11.3%

Asking Price vs. Sold Price

87 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blount County, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

Summary: A total of 157 homes were sold or pending in Blount County in May 2024, up by 11.3% month-over-month. Of the 157 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.

Days on Market for Blount County, TN

How long does it take to sell a home in Blount County, TN?

Average Sale Time

May 2023May 2024CHANGE
29 Days38 Days+29.0%

Summary: Homes in Blount County had an average of 38 days on market in May 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

113 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blount County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 157 homes were sold in Blount County; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Blount County, TN

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