Is Blountville, 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, Blountville has remained a Seller's Market.
Key Takeaway
Blountville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blountville, TN
How much do homes in Blountville, TN cost?
Median Sold Price
$278,750
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blountville have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Blountville was $278,750 in May 2024, up 1.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $131.6K | N/A |
| 2 Bedrooms | $161K | $175K | +8.7% |
| 3 Bedrooms | $251K | $267.4K | +6.6% |
| 4 Bedrooms | $427.5K | $490K | +14.6% |
| 5+ Bedrooms | $504.5K | $757K | +50.0% |
Summary: Blountville 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 8.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Bristol | $189.9K | $211.9K | +11.6% |
| Kingsport | $239.9K | $258.5K | +7.8% |
| Bristol | $219.9K | $230.9K | +5.0% |
| Blountville | $275K | $278.7K | +1.4% |
| Piney Flats | $429.9K | $383K | -10.9% |
Housing Supply in Blountville, TN
How many homes are available in Blountville, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The Blountville real estate market had 40 homes for sale in May 2024, a 2.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Blountville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blountville, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Blountville in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Blountville, TN
How long does it take to sell a home in Blountville, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 51 Days | -17.4% |
Summary: Homes in Blountville had an average of 51 days on market in May 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blountville has remained consistent over time.
Summary: During May 2024, 16 homes were sold in Blountville; 6% of homes were sold within 30 days, 81% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
