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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blount County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Blount County has remained a Seller's Market.

Key Takeaway

Blount County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Blount County, TN

How much do homes in Blount County, TN cost?

Median Sold Price

$384,955

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,489(+3.9%)

Key Takeaway

Homes in Blount County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Blount County was $384,955 in October 2024, up 3.9% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250K$308.5K
+23.4%
2 $253K$259.9K
+2.7%
3 $354.5K$384K
+8.3%
4 $514.5K$527.4K
+2.5%
5+ $655K$585K
-10.7%

Summary: Blount County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Counties

Loudon County
+8.8%
Knox County
+6.8%
Monroe County
+5.5%
Blount County
+3.9%

Housing Supply in Blount County, TN

How many homes are available in Blount County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
658672+2.1%

Summary: The Blount County real estate market had 672 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1312
-7.7%
2 9686
-10.4%
3 385400
+3.9%
4 129136
+5.4%
5+ 3538
+8.6%

Summary: The Blount County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 8.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
133144+8.3%

Asking Price vs. Sold Price

76 Homes Were Sold
Under Asking

41 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blount County, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.

Summary: A total of 144 homes were sold or pending in Blount County in October 2024, up by 8.3% month-over-month. Of the 142 sold homes, 54% were sold under asking, 29% were sold at asking, and 18% were sold over asking.

Days on Market for Blount County, TN

How long does it take to sell a home in Blount County, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days35 Days+65.9%

Summary: Homes in Blount County had an average of 35 days on market in Oct 2024, up by 65.9% compared to last year.

Breakdown of Home Sale Times

92 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blount County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 144 homes were sold in Blount County; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

Newest Listings in Blount County, TN

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What housing markets are near Blount County, TN?