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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Scott County was a Seller's Market.

Key Takeaway

Scott County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$13,500(+6.8%)

Key Takeaway

Homes in Scott County have sold for 6.8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $24.9K$231.1K
+828.3%
2 $155.2K$213K
+37.2%
3 $215K$210K
-2.3%
4 $230K$280K
+21.7%
5+ $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
+14.3%
Anderson County
+12.9%
Scott County
+6.8%
Fentress County
+6.7%
Campbell County
+4.8%

Housing Supply in Scott County, TN

How many homes are available in Scott County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7778+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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 710
+42.9%
3 3736
-2.7%
4 2423
-4.2%
5+ 88
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 2024May 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023May 2024CHANGE
102 Days56 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scott County has remained consistent over time.

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.

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 Scott County, TN

Nearby Markets to Scott County, TN

What housing markets are near Scott County, TN?