Is Loudon County, 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, Loudon County has remained a Seller's Market.
Housing Prices in Loudon County, TN
How much do homes in Loudon County, TN cost?
Median Sold Price
$490,039
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Loudon County was $490,039 in May 2024, up 22.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $132K | -14.8% |
2 Bedrooms | $240K | $286K | +19.2% |
3 Bedrooms | $409.9K | $499K | +21.7% |
4 Bedrooms | $565K | $599K | +6.0% |
5+ Bedrooms | $495K | $672.5K | +35.9% |
Summary: Loudon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Counties
Loudon County | $400.8K | $490K | +22.3% |
Monroe County | $261.2K | $300K | +14.9% |
Roane County | $235K | $260K | +10.6% |
McMinn County | $232.4K | $253.6K | +9.1% |
Blount County | $358.8K | $374.5K | +4.4% |
Housing Supply in Loudon County, TN
How many homes are available in Loudon County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
457 | 468 | +2.4% |
Summary: The Loudon County real estate market had 468 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 39 | 39 | 0.0% |
3 Bedrooms | 273 | 284 | +4.0% |
4 Bedrooms | 114 | 111 | -2.6% |
5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The Loudon County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 111 | +3.7% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in Loudon County in May 2024, up by 3.7% month-over-month. Of the 111 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for Loudon County, TN
How long does it take to sell a home in Loudon County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 36 Days | -7.5% |
Summary: Homes in Loudon County had an average of 36 days on market in May 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 111 homes were sold in Loudon County; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.