$4,749 Closing Credit*
$399,900
2,284 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Realty Executives Associates
Is Alcoa, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Alcoa was a Seller's Market.
Key Takeaway
Alcoa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alcoa, TN
How much do homes in Alcoa, TN cost?
Median Sold Price
$286,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,912(-4.3%)
Key Takeaway
Homes in Alcoa have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Alcoa was $286,000 in October 2024, down 4.3% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.4K | $237K | -0.2% |
| 3 Bedrooms | $300K | $299.9K | 0% |
| 4 Bedrooms | $675K | $624.4K | -7.5% |
| 5+ Bedrooms | $329K | $400K | +21.6% |
Summary: Alcoa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
| Rockford | $264K | $287.4K | +8.9% |
| Knoxville | $350.8K | $376K | +7.2% |
| Maryville | $365K | $384.9K | +5.5% |
| Louisville | $483.7K | $502.5K | +3.9% |
| Alcoa | $298.9K | $286K | -4.3% |
Housing Supply in Alcoa, TN
How many homes are available in Alcoa, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 39 | +25.8% |
Summary: The Alcoa real estate market had 39 homes for sale in October 2024, a 25.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 18 | 25 | +38.9% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alcoa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alcoa, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Alcoa in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Alcoa, TN
How long does it take to sell a home in Alcoa, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -5.9% |
Summary: Homes in Alcoa had an average of 23 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alcoa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Alcoa; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.