Powell, TN Foreclosures
Current Market Conditions in in Powell, TN As of February 2026?
In the past month, Powell, TN, has experienced a notable increase in home sales, with many properties receiving multiple offers shortly after listing. This surge is attributed to buyers looking for homes that offer both space and access to nature, with many indicating a preference for suburban living. The average home price has seen a slight increase, although it still remains competitive compared to nearby urban areas. Additionally, the inventory of homes available for sale has declined, further intensifying competition among buyers. Real estate agents report that the market is favorable for sellers, with quicker transaction times and strong buyer interest in various price ranges.
How much do homes sell for in Powell, TN?
The average home price is currently $374,206.
In Powell, TN, how many homes are available?
There are currently 41 active home listings available in Powell.
What’s the average rental cost in Powell, TN?
The average rental price in Powell is $1,406.
What is the most expensive home in Powell?
The most expensive home sold in Powell had a price of $81,452,492.
What is currently the cheapest priced home in Powell, TN?
The cheapest home for sale in Powell is priced at $10,074.
Living in Powell, TN
Powell, TN, is a picturesque suburb of Knoxville that combines a small-town atmosphere with modern conveniences. It boasts excellent schools, family-friendly parks, and a variety of local shops and restaurants. With its close proximity to outdoor recreational activities, Powell is a perfect place for families and nature lovers.
Buyer vs Seller Market in Powell, TN
The real estate market in Powell, TN, has shown positive growth over the past year. With a rising demand for homes and limited inventory, prices have steadily increased, making it a competitive market for buyers. New developments are emerging, attracting more residents and contributing to the overall growth of the community.
In the last few months, the Powell area has witnessed an uptick in home sales, indicating a healthy market. Buyers are actively seeking properties due to the area's appeal, leading to shorter listing times. The strong job market and affordable living conditions continue to drive interest in the region.
Home Value Estimator For Powell, TN
There are currently 10,607 real estate properties
in Powell, TN,
with a median automated valuation model (AVM) price
of $345,120.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Powell, 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 Powell, TN,
is $374,206.00, with the most expensive house
in Powell, TN, topping out
at $81,452,492.00 and the cheapest home
in Powell, TN,
clocking in at $10,074.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Powell, TN!
Rent Prices
In Powell, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Powell, TN, is on
a rollercoaster ride. The
average rent price in Powell, TN,
is $1,406.00. Indeed, when looking to rent in
Powell, TN, you can expect to pay as little
as $510.00 or as much
as $2,460.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Powell, 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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