Is Blaine, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Blaine has remained a Seller's Market.
Housing Prices in Blaine, TN
How much do homes in Blaine, TN cost?
Median Sold Price
$446,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Blaine was $446,000 in May 2024, up 25.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $429.9K | N/A |
2 Bedrooms | $75K | $306.2K | +308.3% |
3 Bedrooms | $375K | $374.9K | 0% |
4 Bedrooms | $624.9K | $787K | +25.9% |
5+ Bedrooms | $350K | $850K | +142.9% |
Summary: Blaine housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 308.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 142.9%.
Median Sold Price Compared To Nearby Cities
Blaine | $354.5K | $446K | +25.8% |
Corryton | $295K | $315K | +6.8% |
Housing Supply in Blaine, TN
How many homes are available in Blaine, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Summary: The Blaine real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blaine housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Blaine in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Blaine, TN
How long does it take to sell a home in Blaine, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
134 Days | 88 Days | -34.3% |
Summary: Homes in Blaine had an average of 88 days on market in May 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Blaine; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.