Is New Tazewell, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Tazewell has remained a Buyer's Market.
Housing Prices in New Tazewell, TN
How much do homes in New Tazewell, TN cost?
Median Sold Price
$262,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Tazewell was $262,000 in April 2024, down 3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $55K | N/A |
2 Bedrooms | $239.9K | $210K | -12.5% |
3 Bedrooms | $265.2K | $275K | +3.7% |
4 Bedrooms | $371K | $300K | -19.1% |
5+ Bedrooms | $530.8K | $700K | +31.9% |
Summary: New Tazewell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
Tazewell | $197K | $212.5K | +7.9% |
New Tazewell | $270K | $262K | -3.0% |
Housing Supply in New Tazewell, TN
How many homes are available in New Tazewell, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 39 | -4.9% |
Summary: The New Tazewell real estate market had 39 homes for sale in April 2024, a 4.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The New Tazewell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in New Tazewell in April 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Tazewell, TN
How long does it take to sell a home in New Tazewell, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 84 Days | +34.1% |
Summary: Homes in New Tazewell had an average of 84 days on market in Apr 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in New Tazewell; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.