$1,271 Closing Credit*
$107,000
1,200 SqFt
2 Beds
•2 Full Baths
Kevin Gioia, Listing Office: Beycome Brokerage Realty, LLC
Is La Follette, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, La Follette was a Seller's Market.
Key Takeaway
La Follette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in La Follette, TN
How much do homes in La Follette, TN cost?
Median Sold Price
$260,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+20.9%)
Key Takeaway
Homes in La Follette have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in La Follette was $260,000 in October 2024, up 20.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.9K | $90K | -24.3% |
| 2 Bedrooms | $149.5K | $180K | +20.4% |
| 3 Bedrooms | $214K | $256.5K | +19.9% |
| 4 Bedrooms | $277.5K | $354.5K | +27.7% |
| 5+ Bedrooms | $900K | $780K | -13.3% |
Summary: La Follette housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.3%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
| La Follette | $215K | $260K | +20.9% |
| Jacksboro | $269.7K | $304K | +12.7% |
Housing Supply in La Follette, TN
How many homes are available in La Follette, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 126 | +2.4% |
Summary: The La Follette real estate market had 126 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 70 | 73 | +4.3% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The La Follette housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Follette, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in La Follette in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for La Follette, TN
How long does it take to sell a home in La Follette, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 46 Days | +9.3% |
Summary: Homes in La Follette had an average of 46 days on market in Oct 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Follette are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in La Follette; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.