Lakesite, TN Foreclosures
How much do homes sell for in Lakesite, TN?
The average home price is currently $548,252.
What’s the average rental cost in Lakesite, TN?
The average rental price in Lakesite is $1,719.
What is the most expensive home in Lakesite?
The most expensive home sold in Lakesite had a price of $2,374,426.
What is currently the cheapest priced home in Lakesite, TN?
The cheapest home for sale in Lakesite is priced at $51,020.
Living in Lakesite, TN
Lakesite, TN, is a tranquil small town nestled by Chickamauga Lake, offering a perfect blend of outdoor recreation, community spirit, and good schools. Outdoorsy families will find ample opportunities for boating, fishing, and enjoying nature. With its picturesque setting and friendly atmosphere, Lakesite is an ideal location for those seeking a peaceful lifestyle.
Current Market Conditions in Lakesite, TN
The real estate market in Lakesite has shown steady growth over the past year, with a steady increase in property values and demand for homes especially near the waterfront. The charm of small-town living, along with outdoor recreational opportunities, continues to attract buyers looking for space and natural beauty.
As of late 2023, the Lakesite market is still favorable for sellers, with average days on the market trending downwards. Homes in sought-after locations are receiving multiple offers, indicating strong buyer interest. The inventory of homes for sale remains limited, contributing to the competitive nature of the current market.
Home Value Estimator For Lakesite, TN
There are currently 13 real estate properties
in Lakesite, TN,
with a median automated valuation model (AVM) price
of $362,264.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lakesite, 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 Lakesite, TN,
is $548,252.00, with the most expensive house
in Lakesite, TN, topping out
at $2,374,426.00 and the cheapest home
in Lakesite, TN,
clocking in at $51,020.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lakesite, TN!
Rent Prices
In Lakesite, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lakesite, TN, is on
a rollercoaster ride. The
average rent price in Lakesite, TN,
is $1,719.00. Indeed, when looking to rent in
Lakesite, TN, you can expect to pay as little
as $670.00 or as much
as $3,280.00,
with the average rent median estimated to
be $1,470.00. The good news is that finding
an affordable and desirable property to rent in Lakesite, 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.
Learn more on Foreclosure homes
