$3,028 Closing Credit*
$255,000
1,680 SqFt
5 Beds
•2 Full Baths
Listing Office: East TN-LPT Realty
Is Norris, 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, Norris was a Neutral Market.
Key Takeaway
Norris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norris, TN
How much do homes in Norris, TN cost?
Median Sold Price
$375,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,600(+16.0%)
Key Takeaway
Homes in Norris have sold for 16% more than they did a year ago.
Summary: The median home sold price in Norris was $375,000 in October 2024, up 16% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $257.5K | $212.4K | -17.5% |
| 3 Bedrooms | $415K | $375K | -9.6% |
| 4 Bedrooms | $279.2K | $482K | +72.6% |
| 5+ Bedrooms | $506.9K | - | N/A |
Summary: Norris housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 72.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Norris | $323.4K | $375K | +16.0% |
| Andersonville | $450K | $383K | -14.9% |
Housing Supply in Norris, TN
How many homes are available in Norris, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Norris real estate market had 8 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Norris housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Norris, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Norris in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Norris, TN
How long does it take to sell a home in Norris, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 49 Days | -15.7% |
Summary: Homes in Norris had an average of 49 days on market in Oct 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norris has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Norris; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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.