$7,113 Closing Credit*
$599,000
2,000 SqFt
4 Beds
•2 Full Baths
Listing Office: Keller Williams
Is Loudon County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$498,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,366(+6.0%)
Key Takeaway
Homes in Loudon County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Loudon County was $498,000 in November 2024, up 6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $132K | -14.8% |
| 2 Bedrooms | $260K | $269K | +3.5% |
| 3 Bedrooms | $479.3K | $503.4K | +5.0% |
| 4 Bedrooms | $607.2K | $618.3K | +1.8% |
| 5+ Bedrooms | $614.5K | $660.3K | +7.5% |
Summary: Loudon County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Counties
| Roane County | $244.3K | $272K | +11.3% |
| Loudon County | $469.6K | $498K | +6.0% |
| Blount County | $369.8K | $385.6K | +4.3% |
| McMinn County | $255K | $263K | +3.1% |
| Monroe County | $292K | $295.9K | +1.3% |
Housing Supply in Loudon County, TN
How many homes are available in Loudon County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 487 | 456 | -6.4% |
Summary: The Loudon County real estate market had 456 homes for sale in November 2024, a 6.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 49 | 45 | -8.2% |
| 3 Bedrooms | 313 | 287 | -8.3% |
| 4 Bedrooms | 95 | 96 | +1.1% |
| 5+ Bedrooms | 28 | 27 | -3.6% |
Summary: The Loudon County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 76 | -20.8% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loudon County, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Loudon County in November 2024, down by 20.8% month-over-month. Of the 76 sold homes, 61% were sold under asking, 29% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +31.7% |
Summary: Homes in Loudon County had an average of 50 days on market in Nov 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loudon County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 76 homes were sold in Loudon County; 50% 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.
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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
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