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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pickett County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Pickett County has remained a Seller's Market.

Key Takeaway

Pickett County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pickett County, TN

How much do homes in Pickett County, TN cost?

Median Sold Price

$300,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,000(+40.8%)

Key Takeaway

Homes in Pickett County have sold for 40.8% more than they did a year ago.

Summary: The median home sold price in Pickett County was $300,000 in October 2024, up 40.8% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $188K$550K
+192.6%
2 $210K$429K
+104.3%
3 $459K$275K
-40.1%
4 $216K-
N/A
5+ --
N/A

Summary: Pickett County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 192.6%, 2 bedroom homes increased by 104.3%, 3 bedroom homes decreased by 40.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Pickett County
+40.8%
Overton County
+24.4%
Fentress County
+11.1%
Wayne County
+9.1%

Housing Supply in Pickett County, TN

How many homes are available in Pickett County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1914-26.3%

Summary: The Pickett County real estate market had 14 homes for sale in October 2024, a 26.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 127
-41.7%
4 22
0.0%
5+ 11
0.0%

Summary: The Pickett County 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 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pickett County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Pickett County in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pickett County, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days142 Days+119.0%

Summary: Homes in Pickett County had an average of 142 days on market in Oct 2024, up by 119% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pickett County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Pickett County; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 Pickett County, TN

Nearby Markets to Pickett County, TN

What housing markets are near Pickett County, TN?