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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamblen County is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Hamblen County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hamblen County, TN

How much do homes in Hamblen County, TN cost?

Median Sold Price

$286,333

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,238(+4.1%)

Key Takeaway

Homes in Hamblen County have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Hamblen County was $286,333 in November 2024, up 4.1% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$71.2K
N/A
2 $158.7K$190K
+19.7%
3 $262.6K$284.9K
+8.5%
4 $287K$369.9K
+28.9%
5+ $317.5K$346.4K
+9.1%

Summary: Hamblen County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Counties

Jefferson County
+17.5%
Cocke County
+9.7%
Greene County
+7.5%
Hamblen County
+4.1%
Grainger County
-8.8%

Housing Supply in Hamblen County, TN

How many homes are available in Hamblen County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
113108-4.4%

Summary: The Hamblen County real estate market had 108 homes for sale in November 2024, a 4.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1517
+13.3%
3 6966
-4.3%
4 2317
-26.1%
5+ 46
+50.0%

Summary: The Hamblen County 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 increased by 13.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2516-36.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamblen County, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Hamblen County in November 2024, down by 36.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.

Days on Market for Hamblen County, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days30 Days-48.2%

Summary: Homes in Hamblen County had an average of 30 days on market in Nov 2024, down by 48.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 16 homes were sold in Hamblen County; 31% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 0% 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 Hamblen County, TN

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What housing markets are near Hamblen County, TN?