Is Cocke County, 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, Cocke County was a Neutral Market.
Housing Prices in Cocke County, TN
How much do homes in Cocke County, TN cost?
Median Sold Price
$250,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cocke County was $250,000 in May 2024, up 8.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212K | $280K | +32.1% |
2 Bedrooms | $230K | $221.7K | -3.6% |
3 Bedrooms | $230K | $245K | +6.5% |
4 Bedrooms | $259K | $265K | +2.3% |
5+ Bedrooms | $208K | $505K | +142.8% |
Summary: Cocke County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.1%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 142.8%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $298.9K | $340.3K | +13.9% |
Greene County | $239.4K | $269K | +12.3% |
Cocke County | $230K | $250K | +8.7% |
Hamblen County | $274.9K | $284.2K | +3.4% |
Sevier County | $449.9K | $461K | +2.5% |
Housing Supply in Cocke County, TN
How many homes are available in Cocke County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 118 | +2.6% |
Summary: The Cocke County real estate market had 118 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 27 | 23 | -14.8% |
3 Bedrooms | 47 | 49 | +4.3% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Cocke County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Cocke County in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Cocke County, TN
How long does it take to sell a home in Cocke County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 75 Days | +6.9% |
Summary: Homes in Cocke County had an average of 75 days on market in May 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Cocke County; 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.