Is Crossville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crossville is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Crossville, TN

How much do homes in Crossville, TN cost?

Median Sold Price

$325,562

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,812(+3.4%)

Key Takeaway

Homes in Crossville have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Crossville was $325,562 in October 2024, up 3.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $105.7K$94K
-11.1%
2 $237.5K$272.5K
+14.7%
3 $334.4K$344.8K
+3.1%
4 $400K$438K
+9.5%
5+ $491.9K$669K
+36.0%

Summary: Crossville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 36%.

Housing Supply in Crossville, TN

How many homes are available in Crossville, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
551597+8.3%

Summary: The Crossville real estate market had 597 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1719
+11.8%
2 128138
+7.8%
3 341373
+9.4%
4 5455
+1.9%
5+ 1112
+9.1%

Summary: The Crossville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6974+7.2%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crossville, you may be able to get a good deal. 71.6% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Crossville in October 2024, up by 7.2% month-over-month. Of the 74 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.

Days on Market for Crossville, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days59 Days+24.2%

Summary: Homes in Crossville had an average of 59 days on market in Oct 2024, up by 24.2% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 74 homes were sold in Crossville; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% 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 Crossville, TN

Nearby Markets to Crossville, TN