Is Unicoi County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Unicoi County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Unicoi County, TN

How much do homes in Unicoi County, TN cost?

Median Sold Price

$247,750

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,250(+5.2%)

Key Takeaway

Homes in Unicoi County have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Unicoi County was $247,750 in October 2024, up 5.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$145K
-29.3%
2 $167K$157K
-6.0%
3 $255K$256.9K
+0.7%
4 $359K$320K
-10.9%
5+ $310K$659.9K
+112.9%

Summary: Unicoi County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 112.9%.

Median Sold Price Compared To Nearby Counties

Carter County
+10.3%
Yancey County
+10.1%
Washington County
+5.8%
Unicoi County
+5.2%
Mitchell County
-10.7%

Housing Supply in Unicoi County, TN

How many homes are available in Unicoi County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5861+5.2%

Summary: The Unicoi County real estate market had 61 homes for sale in October 2024, a 5.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 3332
-3.0%
4 1616
0.0%
5+ 34
+33.3%

Summary: The Unicoi County 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 50%, 3 bedroom homes decreased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Unicoi County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Unicoi County in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.

Days on Market for Unicoi County, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days57 Days-2.9%

Summary: Homes in Unicoi County had an average of 57 days on market in Oct 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Unicoi County has remained consistent over time.

Summary: During October 2024, 13 homes were sold in Unicoi County; 8% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 23% 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 20 Days Ago

Newest Listings in Unicoi County, TN

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