$324,500
3.00 Acres
Land
•1 Full Bath
Ryan Roberts, Listing Office: Sundance Realty
Is Knoxville, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Knoxville has remained a Seller's Market.
Key Takeaway
Knoxville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Knoxville, IA
How much do homes in Knoxville, IA cost?
Median Sold Price
$200,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,300(+10.7%)
Key Takeaway
Homes in Knoxville have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Knoxville was $200,000 in November 2024, up 10.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.1K | $210.5K | +102.1% |
| 2 Bedrooms | $119.9K | $127.5K | +6.3% |
| 3 Bedrooms | $182.5K | $219.5K | +20.3% |
| 4 Bedrooms | $274K | $260K | -5.1% |
| 5+ Bedrooms | $341K | $203K | -40.5% |
Summary: Knoxville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 102.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 40.5%.
Median Sold Price Compared To Nearby Cities
| Knoxville | $180.7K | $200K | +10.7% |
| Knoxville Township | $181.5K | $199.7K | +10.1% |
Housing Supply in Knoxville, IA
How many homes are available in Knoxville, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 69 | +9.5% |
Summary: The Knoxville real estate market had 69 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Knoxville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Knoxville, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Knoxville in November 2024, up by 100.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Knoxville, IA
How long does it take to sell a home in Knoxville, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 55 Days | +75.3% |
Summary: Homes in Knoxville had an average of 55 days on market in Nov 2024, up by 75.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Knoxville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Knoxville; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
