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August 2023 West Knoxville Real Estate Update

August 15, 20233 min read

Hello and welcome to the latest edition of my West Knoxville Real Estate Market Report. I'm excited to provide you with insights into the ever-evolving real estate landscape of our thriving region. This is just a high-level overview of the local real estate market. You can download the full report for free by clicking the link below!

DOWNLOAD THE FULL MARKET REPORT HERE!

Over the past twelve months, we've seen some interesting shifts in inventory, and I'm here to keep you updated on these changes. As of now, our market has witnessed the sale of 2,507 single-family homes, with the average purchase price for a single-family home standing at $569,909.

To truly understand how these numbers impact our local market, I'm going to break them down by specific neighborhoods.

Karns

In the charming neighborhood of Karns, we've seen 502 properties change hands over the past year at

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a median price of $422,418. This translates to a median cost of $192 per square foot. I encourage you to take a closer look at our dedicated Karns page within this report for a more comprehensive view of the area's market trends over the last five years. These statistics offer valuable insights to both buyers and sellers.

Hardin Valley

Hardin Valley showcases a median home price of $522,750, with a median price per square foot of $206. This area beautifully combines modern amenities with natural beauty, making it a popular choice for those seeking a touch of luxury in their homes.

Farragut

For those looking for a premium real estate experience, Farragut is the place to be. Single-family homes in Farragut currently come with a median price tag of $615,000. The elegant surroundings and top-notch amenities justify this higher price point.

Cedar Bluff

In Cedar Bluff, we've seen 287 properties sold over the last year at a median price of $350,000, with a median price per square foot of $188. This neighborhood strikes a balance between affordability and convenience, making it an appealing choice for a variety of homebuyers.

Northshore

Northshore boasts 329 properties sold in the past year at a median price of $602,900. The median price per square foot in this community stands at $211. With a blend of luxury and convenience, Northshore continues to attract discerning buyers.

The Hills (West Hills/Rocky Hill/Sequoyah Hills)

The Hills, comprising West Hills, Rocky Hill, and Sequoyah Hills, saw 427 properties sold over the last twelve months at a median price of $526,900. The median price per square foot is $227.

As our West Knoxville real estate market continues to evolve, staying informed about local changes is paramount. I provide this comprehensive report to offer you a clearer understanding of these shifts and their implications. Whether you're considering buying or selling, having access to such detailed information can be your best asset.

If you have any questions or need further insights on any aspect of this report, please don't hesitate to reach out to me. Real estate is a dynamic field, and I'm dedicated to helping you make informed decisions. Your trust and interest in our market insights are greatly appreciated.

cover

I provide this detailed report to give you a better idea of what those changes are and would love the opportunity to discuss anything within the report with you in detail!

DOWNLOAD THE FULL MARKET REPORT HERE!

Back to Blog
blog image

August 2023 West Knoxville Real Estate Update

August 15, 20233 min read

Hello and welcome to the latest edition of my West Knoxville Real Estate Market Report. I'm excited to provide you with insights into the ever-evolving real estate landscape of our thriving region. This is just a high-level overview of the local real estate market. You can download the full report for free by clicking the link below!

DOWNLOAD THE FULL MARKET REPORT HERE!

Over the past twelve months, we've seen some interesting shifts in inventory, and I'm here to keep you updated on these changes. As of now, our market has witnessed the sale of 2,507 single-family homes, with the average purchase price for a single-family home standing at $569,909.

To truly understand how these numbers impact our local market, I'm going to break them down by specific neighborhoods.

Karns

In the charming neighborhood of Karns, we've seen 502 properties change hands over the past year at

cover

a median price of $422,418. This translates to a median cost of $192 per square foot. I encourage you to take a closer look at our dedicated Karns page within this report for a more comprehensive view of the area's market trends over the last five years. These statistics offer valuable insights to both buyers and sellers.

Hardin Valley

Hardin Valley showcases a median home price of $522,750, with a median price per square foot of $206. This area beautifully combines modern amenities with natural beauty, making it a popular choice for those seeking a touch of luxury in their homes.

Farragut

For those looking for a premium real estate experience, Farragut is the place to be. Single-family homes in Farragut currently come with a median price tag of $615,000. The elegant surroundings and top-notch amenities justify this higher price point.

Cedar Bluff

In Cedar Bluff, we've seen 287 properties sold over the last year at a median price of $350,000, with a median price per square foot of $188. This neighborhood strikes a balance between affordability and convenience, making it an appealing choice for a variety of homebuyers.

Northshore

Northshore boasts 329 properties sold in the past year at a median price of $602,900. The median price per square foot in this community stands at $211. With a blend of luxury and convenience, Northshore continues to attract discerning buyers.

The Hills (West Hills/Rocky Hill/Sequoyah Hills)

The Hills, comprising West Hills, Rocky Hill, and Sequoyah Hills, saw 427 properties sold over the last twelve months at a median price of $526,900. The median price per square foot is $227.

As our West Knoxville real estate market continues to evolve, staying informed about local changes is paramount. I provide this comprehensive report to offer you a clearer understanding of these shifts and their implications. Whether you're considering buying or selling, having access to such detailed information can be your best asset.

If you have any questions or need further insights on any aspect of this report, please don't hesitate to reach out to me. Real estate is a dynamic field, and I'm dedicated to helping you make informed decisions. Your trust and interest in our market insights are greatly appreciated.

cover

I provide this detailed report to give you a better idea of what those changes are and would love the opportunity to discuss anything within the report with you in detail!

DOWNLOAD THE FULL MARKET REPORT HERE!

Back to Blog