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September 2023 West Knoxville Real Estate Update

September 15, 20233 min read

Hello, and welcome to the latest edition of my West Knoxville Real Estate Market Report. I'm excited to be your guide through the ever-changing landscape of the local real estate market. 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 intriguing shifts in inventory levels, with a total of 2,466 single-family homes changing hands. The average price for purchasing a single-family home in our area now stands at $575,891.

But let's dive deeper and explore how these numbers shape the local market in various neighborhoods.

8 Reasons

Karns: Unveiling Hidden Gems

In Karns, we've witnessed 494 properties sold over the last year at a median price of $425,000, equivalent to $192 per square foot. For a more comprehensive historical perspective, check out the dedicated Karns page in this report. These insights are invaluable for both buyers and sellers, as they offer a glimpse into a neighborhood where affordability and growth potential intersect.

Hardin Valley: A Blend of Luxury and Natural Beauty

Properties in Hardin Valley are currently commanding a median price of $526,732, with a median price per square foot of $207. This area perfectly combines modern amenities with the beauty of nature, making it an attractive option for those who appreciate a touch of luxury in their daily lives.

Farragut: The Epitome of Elegance

For those who desire a premium real estate experience, Farragut is the place to explore. The median cost of purchasing a home in Farragut is currently $625,000, making it an upscale destination that offers top-notch amenities and a lifestyle that justifies the higher price point.

Cedar Bluff: A Balance Between Affordability and Convenience

Cedar Bluff has seen 274 properties sold over the past year at a median price of $356,000, with a median price per square foot of $189. This neighborhood strikes a balance between affordability and convenience, making it a versatile choice for a range of homebuyers.

Northshore: Upscale Living with Scenic Beauty

Northshore has witnessed the sale of 339 properties over the last year at a median price of $613,500, with a median price per square foot of $215. The combination of upscale living and the beauty of the surroundings continues to draw discerning buyers to this community.

The Hills (West Hills/Rocky Hill/Sequoyah Hills): Timeless Charm and Elegance

The Hills, encompassing West Hills, Rocky Hill, and Sequoyah Hills, has seen 412 properties sold in the last twelve months. The median price here is $534,750, with a median price per square foot of $227. This area exudes timeless charm and historical elegance, making it a captivating choice for those who appreciate classic beauty.

As our local real estate market undergoes shifts and transformations, it's essential to stay informed about these changes. I've prepared this comprehensive report to give you a better understanding of the evolving market. Whether you're considering buying or selling, this data is a valuable resource.

If you have any questions or need further insights from this report, I'm here to discuss the details with you. Real estate is a dynamic world, and I'm committed to helping you make well-informed decisions.

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

September 2023 West Knoxville Real Estate Update

September 15, 20233 min read

Hello, and welcome to the latest edition of my West Knoxville Real Estate Market Report. I'm excited to be your guide through the ever-changing landscape of the local real estate market. 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 intriguing shifts in inventory levels, with a total of 2,466 single-family homes changing hands. The average price for purchasing a single-family home in our area now stands at $575,891.

But let's dive deeper and explore how these numbers shape the local market in various neighborhoods.

8 Reasons

Karns: Unveiling Hidden Gems

In Karns, we've witnessed 494 properties sold over the last year at a median price of $425,000, equivalent to $192 per square foot. For a more comprehensive historical perspective, check out the dedicated Karns page in this report. These insights are invaluable for both buyers and sellers, as they offer a glimpse into a neighborhood where affordability and growth potential intersect.

Hardin Valley: A Blend of Luxury and Natural Beauty

Properties in Hardin Valley are currently commanding a median price of $526,732, with a median price per square foot of $207. This area perfectly combines modern amenities with the beauty of nature, making it an attractive option for those who appreciate a touch of luxury in their daily lives.

Farragut: The Epitome of Elegance

For those who desire a premium real estate experience, Farragut is the place to explore. The median cost of purchasing a home in Farragut is currently $625,000, making it an upscale destination that offers top-notch amenities and a lifestyle that justifies the higher price point.

Cedar Bluff: A Balance Between Affordability and Convenience

Cedar Bluff has seen 274 properties sold over the past year at a median price of $356,000, with a median price per square foot of $189. This neighborhood strikes a balance between affordability and convenience, making it a versatile choice for a range of homebuyers.

Northshore: Upscale Living with Scenic Beauty

Northshore has witnessed the sale of 339 properties over the last year at a median price of $613,500, with a median price per square foot of $215. The combination of upscale living and the beauty of the surroundings continues to draw discerning buyers to this community.

The Hills (West Hills/Rocky Hill/Sequoyah Hills): Timeless Charm and Elegance

The Hills, encompassing West Hills, Rocky Hill, and Sequoyah Hills, has seen 412 properties sold in the last twelve months. The median price here is $534,750, with a median price per square foot of $227. This area exudes timeless charm and historical elegance, making it a captivating choice for those who appreciate classic beauty.

As our local real estate market undergoes shifts and transformations, it's essential to stay informed about these changes. I've prepared this comprehensive report to give you a better understanding of the evolving market. Whether you're considering buying or selling, this data is a valuable resource.

If you have any questions or need further insights from this report, I'm here to discuss the details with you. Real estate is a dynamic world, and I'm committed to helping you make well-informed decisions.

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