Knoxville, TN Foreclosures
How much do homes sell for in Knoxville, TN?
The average home price is currently $451,981.
In Knoxville, TN, how many homes are available?
There are currently 6 active home listings available in Knoxville.
What’s the average rental cost in Knoxville, TN?
The average rental price in Knoxville is $1,516.
What is the most expensive home in Knoxville?
The most expensive home sold in Knoxville had a price of $77,884,832.
What is currently the cheapest priced home in Knoxville, TN?
The cheapest home for sale in Knoxville is priced at $10,325.
Living in Knoxville, TN
Knoxville, TN is an inviting city that combines a rich cultural scene with easy access to outdoor activities. The vibrant downtown area is filled with restaurants, shops, and entertainment options, making it an appealing place for families and young professionals alike. With its close proximity to the Great Smoky Mountains, residents enjoy a variety of recreational opportunities.
Current Market Conditions in Knoxville, TN
The Knoxville real estate market has shown resilience and growth over the past year, characterized by an increase in home values and heightened demand from buyers. The city continues to attract newcomers due to its affordable living compared to national averages, making it an appealing option for families and retirees alike. Real estate professionals have observed a trend of quickly selling homes, often within days of listing, indicating a competitive market.
Several factors contribute to the positive market trends in Knoxville, including job growth in various industries, improvements in local infrastructure, and the reputation of the Knoxville area as a desirable place for families and students. As more people discover the qualities that Knoxville offers, market conditions are expected to remain favorable for sellers.
Home Value Estimator For Knoxville, TN
There are currently 141,428 real estate properties
in Knoxville, TN,
with a median automated valuation model (AVM) price
of $364,456.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Knoxville, 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 Knoxville, TN,
is $451,981.00, with the most expensive house
in Knoxville, TN, topping out
at $77,884,832.00 and the cheapest home
in Knoxville, TN,
clocking in at $10,325.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Knoxville, TN!
Rent Prices
In Knoxville, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Knoxville, TN, is on
a rollercoaster ride. The
average rent price in Knoxville, TN,
is $1,516.00. Indeed, when looking to rent in
Knoxville, TN, you can expect to pay as little
as $510.00 or as much
as $4,140.00,
with the average rent median estimated to
be $1,430.00. The good news is that finding
an affordable and desirable property to rent in Knoxville, 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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