$10,000 Closing Credit*
$899,900
2,682 SqFt
3 Beds
•3 Full Baths
#9973018, Jason Blevins, Listing Office: Randall Birchfield Real Estate
Is Roan Mountain, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Roan Mountain has remained a Buyer's Market.
Key Takeaway
Roan Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roan Mountain, TN
How much do homes in Roan Mountain, TN cost?
Median Sold Price
$184,900
$107/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$179,700(-49.3%)
Key Takeaway
Homes in Roan Mountain have sold for 49.3% less than they did a month ago.
Summary: The median home sold price in Roan Mountain was $184,900 in October 2024, down 49.3% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.1K | - | N/A |
| 3 Bedrooms | $607K | $184.9K | -69.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Roan Mountain housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 69.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Roan Mountain, TN
How many homes are available in Roan Mountain, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Roan Mountain real estate market had 26 homes for sale in October 2024, a 7.1% decrease 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 | 7 | 3 | -57.1% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Roan Mountain 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 decreased by 57.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roan Mountain, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Roan Mountain in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Roan Mountain, TN
How long does it take to sell a home in Roan Mountain, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 69 Days | +16.0% |
Summary: Homes in Roan Mountain had an average of 69 days on market in Oct 2024, up by 16% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Roan Mountain has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Roan Mountain; 0% of homes were sold within 30 days, 100% 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.