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June 2023 West Knoxville Real Estate Update

June 15, 20232 min read

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

In Karns, over the last twelve months, there have been a total of 513 properties sold at a median sold price of $418,900. This translates to a median of $189 per square foot.

In Hardin Valley, properties are currently selling for a median price of $524,950. This puts the median price per square foot to purchase a home in this community at $205.

In Farragut, single family homes are selling for a price point far above the previous two. The median cost to purchase a home in here is currently $622,888.

In the community of Cedar Bluff we've seen a total of 328 properties sold over the last twelve months at a median price of $345,000. The median price per square foot for a property in Cedar Bluff is currently $183.

In Northshore, we've seen a total of 339 properties sold over the last twelve months at a median price of $565,000. The median price per square foot for a property in the Northshore community is currently $207.

In The Hills (West Hills/Rocky Hill/Sequoyah Hills), we've seen a total of 447 properties sold over the last twelve months at a median price of $500,000. The median price per square foot for a property in the The Hills (West Hills/Rocky Hill/Sequoyah Hills) is currently $223.

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

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

June 2023 West Knoxville Real Estate Update

June 15, 20232 min read

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

In Karns, over the last twelve months, there have been a total of 513 properties sold at a median sold price of $418,900. This translates to a median of $189 per square foot.

In Hardin Valley, properties are currently selling for a median price of $524,950. This puts the median price per square foot to purchase a home in this community at $205.

In Farragut, single family homes are selling for a price point far above the previous two. The median cost to purchase a home in here is currently $622,888.

In the community of Cedar Bluff we've seen a total of 328 properties sold over the last twelve months at a median price of $345,000. The median price per square foot for a property in Cedar Bluff is currently $183.

In Northshore, we've seen a total of 339 properties sold over the last twelve months at a median price of $565,000. The median price per square foot for a property in the Northshore community is currently $207.

In The Hills (West Hills/Rocky Hill/Sequoyah Hills), we've seen a total of 447 properties sold over the last twelve months at a median price of $500,000. The median price per square foot for a property in the The Hills (West Hills/Rocky Hill/Sequoyah Hills) is currently $223.

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

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