Farragut, TN Foreclosures
Current Market Conditions in in Farragut, TN As of March 2026?
In the past month, the real estate market in Farragut has continued to show resilience, with a slight uptick in home values observed. This could be attributed to ongoing interest from buyers looking for suburban living options, particularly as remote working arrangements persist. Additionally, favorable mortgage rates have motivated buyers to act quickly, leading to a significant number of homes being sold in the area. However, inventory remains limited, causing continued competition.
How much do homes sell for in Farragut, TN?
The average home price is currently $400,900.
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 $16,699.
Living in Farragut, TN
Farragut, TN is a picturesque suburban community that offers a high quality of life with its ample parks, top-tier schools, and a range of local amenities. Residents enjoy a vibrant lifestyle with access to outdoor activities, shopping, and dining options. Known for its welcoming atmosphere, Farragut is an ideal place for families and individuals alike.
Buyer vs Seller Market in Farragut, TN
The real estate market in Farragut has exhibited steady growth over the past year, driven by increasing demand for residential properties. The area's desirable location, coupled with its family-friendly amenities, has attracted many homebuyers, resulting in a competitive market environment with homes often selling at or above asking price.
As of late 2023, the inventory of available homes has remained low, which has contributed to rising home prices in Farragut. The market is characterized by quick sales, with many listings receiving multiple offers and selling within days of being posted.
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 $259,487.00. 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 $400,900.00, 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 $16,699.00. 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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