$2,589 Closing Credit*
$218,000
1,250 SqFt
3 Beds
•2 Full Baths
#9973655, Tracy Lewis, Listing Office: The Addington Agency Bristol
Is Bristol, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bristol has remained a Seller's Market.
Key Takeaway
Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol, TN
How much do homes in Bristol, TN cost?
Median Sold Price
$240,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,005(+9.1%)
Key Takeaway
Homes in Bristol have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Bristol was $240,000 in October 2024, up 9.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $125K | +16.3% |
| 2 Bedrooms | $159.9K | $175K | +9.4% |
| 3 Bedrooms | $244K | $245K | 0.4% |
| 4 Bedrooms | $304.4K | $347.1K | +14.0% |
| 5+ Bedrooms | $390K | $635K | +62.8% |
Summary: Bristol housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 62.8%.
Median Sold Price Compared To Nearby Cities
| Bluff City | $260K | $326.5K | +25.6% |
| Blountville | $270K | $295.4K | +9.4% |
| Bristol | $219.9K | $240K | +9.1% |
| Bristol | $210K | $210.9K | 0.5% |
| Bristol | $210K | $210.5K | 0.2% |
Housing Supply in Bristol, TN
How many homes are available in Bristol, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 171 | 168 | -1.8% |
Summary: The Bristol real estate market had 168 homes for sale in October 2024, a 1.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 77 | 80 | +3.9% |
| 4 Bedrooms | 42 | 40 | -4.8% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Bristol 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 remained the same, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol, you may be able to get a good deal. 63.4% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Bristol in October 2024, up by 2.5% month-over-month. Of the 41 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.
Days on Market for Bristol, TN
How long does it take to sell a home in Bristol, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 67 Days | +8.9% |
Summary: Homes in Bristol had an average of 67 days on market in Oct 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bristol has remained consistent over time.
Summary: During October 2024, 41 homes were sold in Bristol; 15% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 22% 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.