$35,000
0.98 Acres
Land
#9973692, Caine Ballard, Listing Office: Greeneville Real Estate & Auction Team
Is Bulls Gap, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bulls Gap was a Buyer's Market.
Key Takeaway
Bulls Gap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bulls Gap, TN
How much do homes in Bulls Gap, TN cost?
Median Sold Price
$250,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+14.7%)
Key Takeaway
Homes in Bulls Gap have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Bulls Gap was $250,000 in November 2024, up 14.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $169.5K | +253.1% |
| 2 Bedrooms | $40K | $154.5K | +286.3% |
| 3 Bedrooms | $224.2K | $279.7K | +24.7% |
| 4 Bedrooms | $267K | $217K | -18.7% |
| 5+ Bedrooms | $265K | - | N/A |
Summary: Bulls Gap housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 253.1%, 2 bedroom homes increased by 286.3%, 3 bedroom homes increased by 24.7%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes did not change.
Housing Supply in Bulls Gap, TN
How many homes are available in Bulls Gap, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Bulls Gap real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bulls Gap housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bulls Gap, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Bulls Gap in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Bulls Gap, TN
How long does it take to sell a home in Bulls Gap, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 107 Days | 75 Days | -30.0% |
Summary: Homes in Bulls Gap had an average of 75 days on market in Nov 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bulls Gap has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Bulls Gap; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.