Is White Pine, 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, White Pine has remained a Seller's Market.
Housing Prices in White Pine, TN
How much do homes in White Pine, TN cost?
Median Sold Price
$313,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in White Pine was $313,000 in May 2024, up 27.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $180.9K | -2.2% |
3 Bedrooms | $250K | $319K | +27.6% |
4 Bedrooms | $181.5K | $350K | +92.8% |
5+ Bedrooms | $450K | $825K | +83.3% |
Summary: White Pine 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 decreased by 2.2%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 92.8%, and 5+ bedroom homes increased by 83.3%.
Median Sold Price Compared To Nearby Cities
White Pine | $245K | $313K | +27.8% |
Talbott | $282.4K | $293.1K | +3.8% |
Morristown | $268.6K | $270K | 0.5% |
Housing Supply in White Pine, TN
How many homes are available in White Pine, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 30 | -6.3% |
Summary: The White Pine real estate market had 30 homes for sale in May 2024, a 6.3% decrease 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 | 5 | 7 | +40.0% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The White Pine 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 increased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in White Pine in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 36 Days | +91.2% |
Summary: Homes in White Pine had an average of 36 days on market in May 2024, up by 91.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in White Pine; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.