Is White Pine, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Pine is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, White Pine was a Seller's Market.

Key Takeaway

White Pine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in White Pine, TN

How much do homes in White Pine, TN cost?

Median Sold Price

$327,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$65,500(+25.0%)

Key Takeaway

Homes in White Pine have sold for 25% more than they did a year ago.

Summary: The median home sold price in White Pine was $327,000 in November 2024, up 25% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $180.4K$255K
+41.3%
3 $275K$327K
+18.9%
4 $200K$500K
+150.0%
5+ $825K-
N/A

Summary: White Pine 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 increased by 41.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 150%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

White Pine
+25.0%
Talbott
+6.7%
Morristown
+4.6%

Housing Supply in White Pine, TN

How many homes are available in White Pine, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2625-3.8%

Summary: The White Pine real estate market had 25 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 1516
+6.7%
4 44
0.0%
5+ 00
0.0%

Summary: The White Pine 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 28.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in White Pine, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in White Pine in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for White Pine, TN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
90 Days43 Days-52.2%

Summary: Homes in White Pine had an average of 43 days on market in Nov 2024, down by 52.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in White Pine has remained consistent over time.

Summary: During November 2024, 3 homes were sold in White Pine; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in White Pine, TN

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