Hamblen County Real Estate Market Update (July 1 - July 15) 2024

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Is the Hamblen County real estate market cooling down or heating up this summer? Dive into the latest market trends and find out what these numbers mean for you!"
I’m Amy Shrader with RE/MAX Real Estate Ten and I help buyers and sellers like you achieve your goals by providing a smooth and transparent experience. Many people have expressed that this is the best experience they have ever had when buying or selling a home. In this video, we’re diving into the Hamblen County real estate market update for the first half of July. Stick around to get all the details and see what these statistics mean for your buying or selling plans.
Today, we're looking at the real estate market update for Hamblen County, Tennessee, from July 1st to July 15th. Let’s get into the numbers:
We saw 52 new listings in July, with 3 already sold and 10 under contract.
A total of 36 homes have gone under contract this month.
26 homes have been sold, with an average sold price of $266,500 and an average of 34 days on the market.
The median sales price was $230,000, with homes typically selling in just 15 days.
Prices are slightly down due to some lower-priced sales from homes needing rehabbing, including properties sold for $30K, $35K, and $45K.
Sale prices ranged from $30K to $689,900 this month.
There have been 29 price changes with an average reduction of $22K and these homes having an average of 53 days on market. The median price drop was $15K, with homes on the market for 34 days.
12 homes came back on the market for various reasons, but 5 of those are already back under contract.
Currently, there are 112 active and available homes in Hamblen County. Out of these, 68 are priced under $400K, but that number drops to 51 when excluding new construction.
At present, 82 homes are under contract.
These numbers provide a comprehensive snapshot of our market's dynamics. If you're considering buying or selling a home in Hamblen County, understanding these trends can help you make informed decisions."
If you want to know more about the market or if you're ready to schedule a call to discuss your real estate needs, click the link in the description below to book a time that works best for you. I’m here to help you navigate the market and achieve your real estate goals!