$5,807 Closing Credit*
$489,000
3,014 SqFt
3 Beds
•2 Full Baths, 1 Partial
#9974429, Brian Givens, Listing Office: A Team Real Estate Professionals
Is Surgoinsville, 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, Surgoinsville was a Seller's Market.
Key Takeaway
Surgoinsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Surgoinsville, TN
How much do homes in Surgoinsville, TN cost?
Median Sold Price
$220,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+7.3%)
Key Takeaway
Homes in Surgoinsville have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Surgoinsville was $220,000 in November 2024, up 7.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $13.7K | N/A |
| 2 Bedrooms | $397K | $152.5K | -61.6% |
| 3 Bedrooms | $194.9K | $236K | +21.1% |
| 4 Bedrooms | $330K | $479K | +45.2% |
| 5+ Bedrooms | - | $503.5K | N/A |
Summary: Surgoinsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.6%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Surgoinsville | $205K | $220K | +7.3% |
| Church Hill | $260K | $255K | -1.9% |
Housing Supply in Surgoinsville, TN
How many homes are available in Surgoinsville, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Surgoinsville real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Surgoinsville 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Surgoinsville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Surgoinsville in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Surgoinsville, TN
How long does it take to sell a home in Surgoinsville, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 95 Days | 146 Days | +52.8% |
Summary: Homes in Surgoinsville had an average of 146 days on market in Nov 2024, up by 52.8% 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 Surgoinsville 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 Surgoinsville; 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.