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 October 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

$266,618

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,718(+11.1%)

Key Takeaway

Homes in Fentress County have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Fentress County was $266,618 in October 2024, up 11.1% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $144K$250K
+73.6%
2 $175K$215K
+22.9%
3 $269.9K$280K
+3.7%
4 $235.7K$325K
+37.9%
5+ $369K$829.9K
+124.9%

Summary: Fentress County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.6%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes increased by 124.9%.

Median Sold Price Compared To Nearby Counties

Pickett County
+40.8%
Fentress County
+11.1%
Scott County
+10.7%
Cumberland County
+3.7%

Housing Supply in Fentress County, TN

How many homes are available in Fentress County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
220237+7.7%

Summary: The Fentress County real estate market had 237 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 79
+28.6%
2 3737
0.0%
3 149159
+6.7%
4 2125
+19.0%
5+ 67
+16.7%

Summary: The Fentress County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Fentress County in October 2024, down by 3.8% month-over-month. Of the 24 sold homes, 63% were sold under asking, 29% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
54 Days43 Days-20.2%

Summary: Homes in Fentress County had an average of 43 days on market in Oct 2024, down by 20.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 25 homes were sold in Fentress County; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 12% 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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