Hey there, Knoxville homeowners!
A Peek into the Knoxville Housing Market
Ever considered selling your home? If you’re in Knoxville, Tennessee, we’ve got some news that might just have you reaching for that ‘For Sale’ sign. The spotlight’s on Knoxville, and it’s shining brighter than ever as a Seller’s Market. Wondering what this buzzword means for you? Let’s break it down.
Why Knoxville is THE Place to Sell Right Now
Since September 2022, our beloved Knoxville has transformed into prime real estate territory. Here’s the deal:
- Top Dollar for Your Home: Prices are higher than ever! And hey, who doesn’t love a little extra cash in their pocket?
- Homes Selling Like Hotcakes: Believe it or not, homes are flying off the market faster than grandma’s famous apple pie at a family picnic.
Thinking of selling? Now might just be your golden moment. And if you’re feeling a tad overwhelmed, don’t sweat it! Our friendly neighborhood expert, Jason Strickland, is just a click away, ready to guide you through every step. Give Jason a shout!
Show Me the Money: Knoxville’s Housing Prices
So, what kind of price tags are we talking?
September 2023’s median sold price was a jaw-dropping $343,448. Yep, you read that right. That’s about $203/sqft. And compared to last year? Homes are selling at an impressive 25.7% more.
But wait, there’s more:
- Got a cozy 1 Bedroom? Prices went up by 7.9%.
- Sporting 2 Bedrooms? A cool 17.5% jump.
- What about 3 Bedrooms? A sweet 18.6% increase.
- 4 Bedrooms? Hold onto your hat – a whopping 26.2% growth!
- And those sprawling 5+ Bedroom mansions? Up by 21.1%.
What’s Up with the Neighbors?
Knoxville’s not just leading the pack; it’s setting the pace. We’re outshining neighboring cities with our robust 25.7% growth, making us the talk of Tennessee.
Homes Up for Grabs
As of September 2023, there were 1,704 lovely homes on display, all unique and teeming with charm. And guess what? Demand is through the roof! So if you’ve been toying with the idea of selling, now’s the perfect time to jump in and ride the wave.
Trends to Keep an Eye On
Here’s the fun part. In September 2023, while 45% of homes sold below the asking price, a significant 34% snagged MORE than the listed price. So, with the right strategy (and maybe a little help from Jason), you could be looking at a tidy profit.
How Long to Seal the Deal?
On average, homes took about 131 days to sell in September 2023. This means you have ample time to find your next dream home while buyers are still scouting for theirs.
Your Next Step?
Knoxville’s market is buzzing, and there’s never been a better time to be a part of the excitement. Whether you’re a seasoned seller or a first-timer, having a local expert by your side can make all the difference. Jason Strickland’s friendly approach and vast expertise ensure that selling your home will be smooth sailing. So, what are you waiting for? Dive into this thriving market and let’s turn that ‘For Sale’ sign into ‘Sold’!