Is Washington 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, TN
How much do homes in Washington County, TN cost?
Median Sold Price
$307,798
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington County was $307,798 in May 2024, up 4.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156.5K | $171.5K | +9.6% |
2 Bedrooms | $175K | $199.9K | +14.2% |
3 Bedrooms | $290.5K | $308.6K | +6.2% |
4 Bedrooms | $396.4K | $429.6K | +8.4% |
5+ Bedrooms | $610K | $655K | +7.4% |
Summary: Washington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Counties
Carter County | $209K | $238K | +13.8% |
Unicoi County | $223K | $251.7K | +12.9% |
Greene County | $239.4K | $269K | +12.3% |
Sullivan County | $241.6K | $259.8K | +7.5% |
Washington County | $294.9K | $307.7K | +4.3% |
Housing Supply in Washington County, TN
How many homes are available in Washington County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
547 | 556 | +1.6% |
Summary: The Washington County real estate market had 556 homes for sale in May 2024, a 1.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 115 | 108 | -6.1% |
3 Bedrooms | 285 | 292 | +2.5% |
4 Bedrooms | 100 | 108 | +8.0% |
5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The Washington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
142 | 183 | +28.9% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 183 homes were sold or pending in Washington County in May 2024, up by 28.9% month-over-month. Of the 183 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for Washington County, TN
How long does it take to sell a home in Washington County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 69 Days | +20.3% |
Summary: Homes in Washington County had an average of 69 days on market in May 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
107 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During May 2024, 183 homes were sold in Washington County; 19% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.