$550,000
22.00 Acres
Land
#9974257, Ashley Ferlauto, Listing Office: Lantern 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 November 2023
At the same time last year, Roan Mountain was a Seller'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
$306,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$68,000(-18.2%)
Key Takeaway
Homes in Roan Mountain have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Roan Mountain was $306,000 in November 2024, down 18.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $209K | +22.9% |
| 2 Bedrooms | $344.5K | $235K | -31.8% |
| 3 Bedrooms | $354K | $316K | -10.7% |
| 4 Bedrooms | $565K | $565K | 0.0% |
| 5+ Bedrooms | $446K | $471.8K | +5.8% |
Summary: Roan Mountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes decreased by 31.8%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Roan Mountain, TN
How many homes are available in Roan Mountain, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Roan Mountain real estate market had 26 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Roan Mountain housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were 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 3 homes were sold or pending in Roan Mountain in November 2024, up by 200.0% 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 Roan Mountain, TN
How long does it take to sell a home in Roan Mountain, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 122 Days | +168.1% |
Summary: Homes in Roan Mountain had an average of 122 days on market in Nov 2024, up by 168.1% 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
Key Takeaway
Most homes in Roan Mountain are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Roan Mountain; 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.
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.