Is 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, Tazewell has remained a Seller's Market.
Housing Prices in Tazewell, TN
How much do homes in Tazewell, TN cost?
Median Sold Price
$212,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tazewell was $212,500 in April 2024, up 7.9% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $130K | +8.3% |
2 Bedrooms | $189K | $150K | -20.6% |
3 Bedrooms | $190.7K | $219.3K | +15.0% |
4 Bedrooms | $247.4K | $267.5K | +8.1% |
5+ Bedrooms | $395K | $156K | -60.5% |
Summary: Tazewell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 60.5%.
Median Sold Price Compared To Nearby Cities
Tazewell | $197K | $212.5K | +7.9% |
New Tazewell | $270K | $262K | -3.0% |
Housing Supply in Tazewell, TN
How many homes are available in Tazewell, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 50 | +8.7% |
Summary: The Tazewell real estate market had 50 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Tazewell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Tazewell in April 2024, up by 42.9% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 56 Days | -4.1% |
Summary: Homes in Tazewell had an average of 56 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Tazewell; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.