Farragut, TN Foreclosures
Current Market Conditions in in Farragut, TN As of February 2026?
Over the past month, the real estate market in Farragut has remained competitive, with an increase in the average sale price of homes. Many homes are still being sold quickly, often within days of being listed, due to the ongoing demand and relatively lower inventory. Prospective buyers are encouraged to act fast to secure homes before they are sold, as bidding wars have become more common in this attractive market.
How much do homes sell for in Farragut, TN?
The average home price is currently $401,430.
What’s the average rental cost in Farragut, TN?
The average rental price in Farragut is $1,426.
What is the most expensive home in Farragut?
The most expensive home sold in Farragut had a price of $6,454,413.
What is currently the cheapest priced home in Farragut, TN?
The cheapest home for sale in Farragut is priced at $16,853.
Living in Farragut, TN
Farragut, TN, is a charming suburban town known for its excellent schools and family-friendly atmosphere. Residents enjoy a variety of parks and outdoor activities, as well as a thriving shopping scene. With its close proximity to Knoxville, Farragut offers the perfect balance of suburban living and urban amenities.
Buyer vs Seller Market in Farragut, TN
The real estate market in Farragut has shown strong signs of growth in recent months, with a steady increase in home values due to high demand and limited inventory. Families are flocking to the area for its top-rated schools and safe neighborhoods, which has driven average home prices higher. The market continues to attract both first-time homebuyers and established families, contributing to a competitive home buying landscape.
In the past few years, Farragut has experienced a notable trend towards new construction, with several developments in various stages of completion. This has provided a more diverse range of housing options, catering to different budgets and preferences among potential buyers. As these neighborhoods continue to expand, they are expected to further enhance the area's appeal.
Home Value Estimator For Farragut, TN
There are currently 459 real estate properties
in Farragut, TN,
with a median automated valuation model (AVM) price
of $261,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Farragut, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Farragut, TN,
is $401,430.00, with the most expensive house
in Farragut, TN, topping out
at $6,454,413.00 and the cheapest home
in Farragut, TN,
clocking in at $16,853.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farragut, TN!
Rent Prices
In Farragut, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farragut, TN, is on
a rollercoaster ride. The
average rent price in Farragut, TN,
is $1,426.00. Indeed, when looking to rent in
Farragut, TN, you can expect to pay as little
as $850.00 or as much
as $3,680.00,
with the average rent median estimated to
be $1,360.00. The good news is that finding
an affordable and desirable property to rent in Farragut, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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