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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loudon County is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Loudon 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 Loudon County, TN

How much do homes in Loudon County, TN cost?

Median Sold Price

$499,806

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$26,491(+5.6%)

Key Takeaway

Homes in Loudon County have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Loudon County was $499,806 in December 2024, up 5.6% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $155K$132K
-14.8%
2 $252K$269K
+6.7%
3 $480K$503.8K
+5.0%
4 $614.7K$633.7K
+3.1%
5+ $693.2K$635K
-8.4%

Summary: Loudon County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Counties

Roane County
+8.8%
Loudon County
+5.6%
Blount County
+3.1%
McMinn County
+2.0%
Monroe County
0.2%

Housing Supply in Loudon County, TN

How many homes are available in Loudon County, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
445414-7.0%

Summary: The Loudon County real estate market had 414 homes for sale in December 2024, a 7.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 4134
-17.1%
3 288271
-5.9%
4 9194
+3.3%
5+ 2314
-39.1%

Summary: The Loudon County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 39.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
8167-17.3%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loudon County, you may be able to get a good deal. 65.7% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in Loudon County in December 2024, down by 17.3% month-over-month. Of the 67 sold homes, 66% were sold under asking, 18% were sold at asking, and 16% were sold over asking.

Days on Market for Loudon County, TN

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

Average Sale Time

Dec 2023Dec 2024CHANGE
38 Days55 Days+42.9%

Summary: Homes in Loudon County had an average of 55 days on market in Dec 2024, up by 42.9% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 67 homes were sold in Loudon County; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% 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 6 Days Ago

Newest Listings in Loudon County, TN

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