$39,900
Land
#9974486, Christopher Bawgus, Listing Office: Exit Realty Tri-Cities
Is Unicoi County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$245,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+4.5%)
Key Takeaway
Homes in Unicoi County have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Unicoi County was $245,500 in November 2024, up 4.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $145K | -29.3% |
| 2 Bedrooms | $165.9K | $156.2K | -5.9% |
| 3 Bedrooms | $245K | $256.9K | +4.9% |
| 4 Bedrooms | $348.2K | $315K | -9.5% |
| 5+ Bedrooms | $400K | $530K | +32.5% |
Summary: Unicoi County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Counties
| Yancey County | $335K | $370K | +10.4% |
| Carter County | $217.3K | $240K | +10.4% |
| Washington County | $300K | $323.5K | +7.8% |
| Unicoi County | $235K | $245.5K | +4.5% |
| Mitchell County | $267.5K | $260K | -2.8% |
Housing Supply in Unicoi County, TN
How many homes are available in Unicoi County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Summary: The Unicoi County real estate market had 55 homes for sale in November 2024, a 5.2% 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 | 10 | 8 | -20.0% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Unicoi County 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 decreased by 20%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Unicoi County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Unicoi County in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 56 Days | -36.4% |
Summary: Homes in Unicoi County had an average of 56 days on market in Nov 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Unicoi County has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Unicoi County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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