$3,146 Closing Credit*
$264,900
2,048 SqFt
3 Beds
•2 Full Baths
Listing Office: Mountain Realty
Is Tazewell, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Tazewell was a Seller's Market.
Key Takeaway
Tazewell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tazewell, TN
How much do homes in Tazewell, TN cost?
Median Sold Price
$215,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,250(+8.7%)
Key Takeaway
Homes in Tazewell have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Tazewell was $215,000 in October 2024, up 8.7% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $132.5K | N/A |
| 2 Bedrooms | $189K | $150K | -20.6% |
| 3 Bedrooms | $191.4K | $227.9K | +19.1% |
| 4 Bedrooms | $267.5K | $280K | +4.7% |
| 5+ Bedrooms | $156K | $136K | -12.8% |
Summary: Tazewell 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 20.6%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Tazewell | $197.7K | $215K | +8.7% |
| New Tazewell | $290K | $266.5K | -8.1% |
Housing Supply in Tazewell, TN
How many homes are available in Tazewell, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The Tazewell real estate market had 52 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 36 | 42 | +16.7% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tazewell 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 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tazewell, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Tazewell in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Tazewell, TN
How long does it take to sell a home in Tazewell, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 161 Days | +183.2% |
Summary: Homes in Tazewell had an average of 161 days on market in Oct 2024, up by 183.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tazewell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Tazewell; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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.