Is Scott 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, Scott County was a Seller's Market.
Housing Prices in Scott County, TN
How much do homes in Scott County, TN cost?
Median Sold Price
$212,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scott County was $212,500 in May 2024, up 6.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24.9K | $231.1K | +828.3% |
2 Bedrooms | $155.2K | $213K | +37.2% |
3 Bedrooms | $215K | $210K | -2.3% |
4 Bedrooms | $230K | $280K | +21.7% |
5+ Bedrooms | $234.9K | $155K | -34.0% |
Summary: Scott County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 828.3%, 2 bedroom homes increased by 37.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 34%.
Median Sold Price Compared To Nearby Counties
Morgan County | $210K | $240K | +14.3% |
Anderson County | $290.7K | $328.4K | +12.9% |
Scott County | $199K | $212.5K | +6.8% |
Fentress County | $239.4K | $255.5K | +6.7% |
Campbell County | $222K | $232.7K | +4.8% |
Housing Supply in Scott County, TN
How many homes are available in Scott County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 78 | +1.3% |
Summary: The Scott County real estate market had 78 homes for sale in May 2024, a 1.3% increase 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 | 7 | 10 | +42.9% |
3 Bedrooms | 37 | 36 | -2.7% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Scott County 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 42.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Scott County in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Scott County, TN
How long does it take to sell a home in Scott County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
102 Days | 56 Days | -44.7% |
Summary: Homes in Scott County had an average of 56 days on market in May 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Scott County; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.