Is Talbott, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Talbott is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Talbott, TN

How much do homes in Talbott, TN cost?

Median Sold Price

$305,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+7.0%)

Key Takeaway

Homes in Talbott have sold for 7% more than they did a year ago.

Summary: The median home sold price in Talbott was $305,000 in October 2024, up 7% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $257.5K$224.9K
-12.7%
3 $261.9K$295K
+12.6%
4 $282.9K$322.2K
+13.9%
5+ $309.5K$340K
+9.9%

Summary: Talbott housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

White Pine
+32.3%
Talbott
+7.0%
Morristown
+5.1%
Jefferson City
+4.0%

Housing Supply in Talbott, TN

How many homes are available in Talbott, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2523-8.0%

Summary: The Talbott real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 1412
-14.3%
4 87
-12.5%
5+ 10
-100.0%

Summary: The Talbott 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 200%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Talbott, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Talbott in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Talbott, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days68 Days+467.7%

Summary: Homes in Talbott had an average of 68 days on market in Oct 2024, up by 467.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Talbott has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Talbott; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 12 Days Ago

Newest Listings in Talbott, TN

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