$2,363 Closing Credit*
$199,000
3,358 SqFt
4 Beds
•2 Full Baths
Listing Office: Keller Williams Realty
Is Spring City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Spring City has remained a Seller's Market.
Key Takeaway
Spring City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring City, TN
How much do homes in Spring City, TN cost?
Median Sold Price
$345,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,000(+23.7%)
Key Takeaway
Homes in Spring City have sold for 23.7% more than they did a year ago.
Summary: The median home sold price in Spring City was $345,000 in October 2024, up 23.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $290K | -59.7% |
| 2 Bedrooms | $215K | $177.4K | -17.5% |
| 3 Bedrooms | $262.5K | $275K | +4.8% |
| 4 Bedrooms | $360K | $490K | +36.1% |
| 5+ Bedrooms | $464.5K | $547.8K | +17.9% |
Summary: Spring City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.7%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in Spring City, TN
How many homes are available in Spring City, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 50 | -5.7% |
Summary: The Spring City real estate market had 50 homes for sale in October 2024, a 5.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 30 | 23 | -23.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Spring City 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 increased by 25%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spring City, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Spring City in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Spring City, TN
How long does it take to sell a home in Spring City, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +37.5% |
Summary: Homes in Spring City had an average of 46 days on market in Oct 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spring City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Spring City; 36% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.