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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fentress County is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Fentress County, TN

How much do homes in Fentress County, TN cost?

Median Sold Price

$267,666

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,766(+8.4%)

Key Takeaway

Homes in Fentress County have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Fentress County was $267,666 in November 2024, up 8.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $158K$202K
+27.8%
2 $185K$210K
+13.5%
3 $267.4K$288K
+7.7%
4 $235.7K$325K
+37.9%
5+ $369K$829.9K
+124.9%

Summary: Fentress County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes increased by 124.9%.

Median Sold Price Compared To Nearby Counties

Fentress County
+8.4%
Scott County
+6.5%
Cumberland County
+2.8%

Housing Supply in Fentress County, TN

How many homes are available in Fentress County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
243259+6.6%

Summary: The Fentress County real estate market had 259 homes for sale in November 2024, a 6.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1011
+10.0%
2 4042
+5.0%
3 166177
+6.6%
4 2325
+8.7%
5+ 44
0.0%

Summary: The Fentress County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2526+4.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fentress County, you may be able to get a good deal. 92% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Fentress County in November 2024, up by 4.0% month-over-month. Of the 25 sold homes, 92% were sold under asking, 4% were sold at asking, and 4% were sold over asking.

Days on Market for Fentress County, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days70 Days+18.9%

Summary: Homes in Fentress County had an average of 70 days on market in Nov 2024, up by 18.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fentress County has remained consistent over time.

Summary: During November 2024, 26 homes were sold in Fentress County; 23% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 27% 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 Fentress County, TN

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