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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cocke County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cocke County was a Seller's Market.

Key Takeaway

Cocke County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cocke County, TN

How much do homes in Cocke County, TN cost?

Median Sold Price

$252,500

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,250(+6.4%)

Key Takeaway

Homes in Cocke County have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Cocke County was $252,500 in October 2024, up 6.4% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $278.7K$172.5K
-38.1%
2 $227.5K$187.6K
-17.5%
3 $235K$260K
+10.6%
4 $275K$345K
+25.5%
5+ $195K$330K
+69.2%

Summary: Cocke County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.1%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 69.2%.

Median Sold Price Compared To Nearby Counties

Jefferson County
+19.0%
Greene County
+9.7%
Cocke County
+6.4%
Sevier County
+5.4%
Hamblen County
+4.9%

Housing Supply in Cocke County, TN

How many homes are available in Cocke County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125107-14.4%

Summary: The Cocke County real estate market had 107 homes for sale in October 2024, a 14.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 109
-10.0%
2 2424
0.0%
3 6347
-25.4%
4 2324
+4.3%
5+ 53
-40.0%

Summary: The Cocke County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2713-51.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cocke County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Cocke County in October 2024, down by 51.9% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for Cocke County, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
69 Days54 Days-21.6%

Summary: Homes in Cocke County had an average of 54 days on market in Oct 2024, down by 21.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Cocke County; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% 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 Cocke County, TN

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