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July 2023 West Knoxville Real Estate Update

July 15, 20233 min read

Welcome to the latest edition of our West Knoxville Real Estate Market Report, where we provide you with essential insights into the local housing market. Whether you're a prospective buyer or seller, staying informed about the current conditions can be a game-changer. In this edition, we'll break down the market data by specific areas in West Knoxville, offering a detailed analysis to help you navigate this dynamic landscape. 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!

West Knoxville have seen some changes in inventory levels over the last twelve months. There were a total of 2,637 single-family homes sold; the average price to purchase a single-family home in the area is currently $555,030.

Let's break it down even further by area to get a better idea of how these numbers affect the local market.

8 Reasons

Karns: Affordable Living with Steady Growth

In the Karns community, over the past year, 511 properties changed hands at a median price of $417,000. This equates to a median cost of $190 per square foot. Be sure to explore our detailed Karns page in this report for a historical perspective over the last five years. These numbers are valuable for both buyers and sellers looking for accessible yet steadily appreciating properties.

Hardin Valley: A Median Price of $525,000

Hardin Valley stands out with a median home price of $525,000. This translates to a median cost of $205 per square foot, reflecting a slightly higher price range compared to Karns. The neighborhood is known for its schools and scenic beauty, making it an attractive option for those willing to invest a bit more for their dream home.

Farragut: Premium Real Estate Destination

Farragut, with its pristine neighborhoods and amenities, takes the lead in our report. Single-family homes here command a median price of $618,750. This affluent community offers luxurious living, and the numbers certainly reflect that. If you're looking for premium real estate, Farragut should be on your radar.

Cedar Bluff: Affordable and Growing

Cedar Bluff has seen 345 properties change hands in the last year at a median price of $341,750, with a median price per square foot of $187. This area provides a balance between affordability and growth potential, making it an attractive choice for various homebuyers.

Northshore: Upscale Living in West Knoxville

In Northshore, 347 properties sold over the last year at a median price of $527,138. The median price per square foot here is $218. This neighborhood offers a mix of luxury and convenience, with numerous amenities and scenic beauty that contribute to its appeal.

The Hills (West Hills/Rocky Hill/Sequoyah Hills): Classic Elegance

The Hills community, encompassing West Hills, Rocky Hill, and Sequoyah Hills, has witnessed 447 properties sold over the past year. The median price stands at $495,000, with a median price per square foot of $223. If you're in the market for classic elegance and a rich sense of history, this area should be at the top of your list.

As the West Knoxville real estate market continues to evolve, it's crucial to stay informed about local changes. This report provides you with a comprehensive overview, allowing you to better understand market dynamics in your desired area. Whether you're considering buying or selling, having access to this level of detail is invaluable.

If you have questions or need further insights on any aspect of this report, our team is here to assist you. Real estate is a dynamic industry, and we're committed to helping you make informed decisions every step of the way. Feel free to reach out, and we'll be happy to discuss the details with you.

As the market shifts it is important to keep a close eye on what's happening locally.

cover

DOWNLOAD THE FULL MARKET REPORT HERE!

Back to Blog
blog image

July 2023 West Knoxville Real Estate Update

July 15, 20233 min read

Welcome to the latest edition of our West Knoxville Real Estate Market Report, where we provide you with essential insights into the local housing market. Whether you're a prospective buyer or seller, staying informed about the current conditions can be a game-changer. In this edition, we'll break down the market data by specific areas in West Knoxville, offering a detailed analysis to help you navigate this dynamic landscape. 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!

West Knoxville have seen some changes in inventory levels over the last twelve months. There were a total of 2,637 single-family homes sold; the average price to purchase a single-family home in the area is currently $555,030.

Let's break it down even further by area to get a better idea of how these numbers affect the local market.

8 Reasons

Karns: Affordable Living with Steady Growth

In the Karns community, over the past year, 511 properties changed hands at a median price of $417,000. This equates to a median cost of $190 per square foot. Be sure to explore our detailed Karns page in this report for a historical perspective over the last five years. These numbers are valuable for both buyers and sellers looking for accessible yet steadily appreciating properties.

Hardin Valley: A Median Price of $525,000

Hardin Valley stands out with a median home price of $525,000. This translates to a median cost of $205 per square foot, reflecting a slightly higher price range compared to Karns. The neighborhood is known for its schools and scenic beauty, making it an attractive option for those willing to invest a bit more for their dream home.

Farragut: Premium Real Estate Destination

Farragut, with its pristine neighborhoods and amenities, takes the lead in our report. Single-family homes here command a median price of $618,750. This affluent community offers luxurious living, and the numbers certainly reflect that. If you're looking for premium real estate, Farragut should be on your radar.

Cedar Bluff: Affordable and Growing

Cedar Bluff has seen 345 properties change hands in the last year at a median price of $341,750, with a median price per square foot of $187. This area provides a balance between affordability and growth potential, making it an attractive choice for various homebuyers.

Northshore: Upscale Living in West Knoxville

In Northshore, 347 properties sold over the last year at a median price of $527,138. The median price per square foot here is $218. This neighborhood offers a mix of luxury and convenience, with numerous amenities and scenic beauty that contribute to its appeal.

The Hills (West Hills/Rocky Hill/Sequoyah Hills): Classic Elegance

The Hills community, encompassing West Hills, Rocky Hill, and Sequoyah Hills, has witnessed 447 properties sold over the past year. The median price stands at $495,000, with a median price per square foot of $223. If you're in the market for classic elegance and a rich sense of history, this area should be at the top of your list.

As the West Knoxville real estate market continues to evolve, it's crucial to stay informed about local changes. This report provides you with a comprehensive overview, allowing you to better understand market dynamics in your desired area. Whether you're considering buying or selling, having access to this level of detail is invaluable.

If you have questions or need further insights on any aspect of this report, our team is here to assist you. Real estate is a dynamic industry, and we're committed to helping you make informed decisions every step of the way. Feel free to reach out, and we'll be happy to discuss the details with you.

As the market shifts it is important to keep a close eye on what's happening locally.

cover

DOWNLOAD THE FULL MARKET REPORT HERE!

Back to Blog