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East Tennessee Real Estate & Neighborhood Source

Move-In Ready Stone Harbor Gem: Main-Level Living, Outdoor Kitchen & Minutes to Lake and Marina in Lenoir City

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If you’ve been searching for a home that blends everyday convenience with a relaxed, lake-oriented lifestyle, 1636 Stone Harbor Boulevard in Lenoir City, TN deserves a spot at the top of your list. Located in the highly desirable Stone Harbor subdivision—just across the street from the lake and minutes from the marina and popular Calhoun’s on the water—this 3-bedroom, 2.5-bath home offers the perfect East Tennessee living experience.

In this post, we’ll take a closer look at what makes this Stone Harbor property such an exceptional opportunity for buyers looking for Lenoir City real estate near Fort Loudoun Lake.

Prime Location: Across from the Lake & Minutes to Marina

Location is everything in real estate, and this home delivers.

Stone Harbor sits directly across from the sparkling waters of Fort Loudoun Lake. Each time you enter or exit the subdivision, you’re greeted by beautiful lake views, giving your daily routine the feel of a mini getaway. You’re only minutes from the local marina and the always-popular Calhoun’s restaurant, where you can enjoy lakefront dining and even feed the catfish right from the dock.

This prime location offers:

  • Easy access to the lake for boating, fishing, paddleboarding, and sunset cruises
  • Minutes to marina and lakeside dining, including Calhoun’s on the water
  • Quick connections to Lenoir City and West Knoxville, ideal for shopping, dining, and entertainment
  • Convenient access to medical facilities, schools, and the regional airport

If you’ve been dreaming of a lake community home near Knoxville, TN, this address checks every box.

Welcome Home: 2,677 Sq Ft of Comfortable, Livable Space

With approximately 2,677 sq ft, this Stone Harbor home is thoughtfully designed for everyday comfort and functionality. From the moment you step inside, warm hardwood floors and abundant natural light set a welcoming tone.

The great room serves as the heart of the home, featuring:

  • Soaring cathedral ceilings
  • A cozy gas fireplace
  • Custom built-in bookshelves
  • Rich hardwood flooring that flows throughout the main living area

This spacious room is perfect for movie nights, game days, or simply relaxing with family and friends.

Just off the great room, you’ll find a flexible formal dining room with a tray ceiling and elegant wainscoting. Use it as a traditional dining space for gatherings and holidays, or repurpose it as a home office, study, or music room—the choice is yours.

A Bright, Functional Kitchen for Everyday Life

For many buyers, the kitchen is a top priority, and this one doesn’t disappoint. Designed for both practicality and enjoyment, the kitchen offers:

  • Updated appliances (less than four years old)
  • Solid surface countertops
  • Beautiful cabinetry with ample storage
  • A pantry for organization
  • A charming bay window that fills the space with natural light
  • A center island with seating—perfect for quick meals, homework, or coffee with a friend

Whether you’re prepping for dinner, packing lunchboxes, or entertaining guests before heading out for an evening on the lake, this kitchen supports the flow of daily life with ease.

Main-Level Primary Suite: Your Private Retreat

One of the standout features of this home is its main-level primary suite. Designed as a calm, private retreat, it includes:

  • A cathedral ceiling that adds volume and character
  • Bay window sitting area for reading or relaxing
  • A second gas fireplace with a solid walnut mantle
  • A spacious ensuite bathroom with:
    • Standalone bubble tub
    • Separate tile shower
    • Dual sinks
    • Large walk-in closet

This space brings a feeling of luxury and comfort to your everyday routine.

Two additional generously sized bedrooms on the main level share a well-appointed full bathroom, making this layout ideal for families, guests, or even multigenerational living.

Upstairs, a large bonus room offers flexible square footage for a playroom, media room, hobby space, workout area, or guest retreat. As your needs change over time, this space can easily adapt.

Outdoor Living: Entertain, Relax, and Enjoy the Seasons

If you love to entertain, or simply enjoy spending time outside, you’ll be thrilled by the outdoor living and entertainment area at this property.

Step out back to find:

  • A stunning cedar and redwood-framed outdoor kitchen
  • Built-in gas grill set in granite countertops
  • Attractive cedar cabinetry
  • A spacious stamped concrete patio that is both beautiful and low-maintenance

This space is ideal for weekend barbecues, game-day parties, or quiet evenings with a glass of wine. You can watch TV, host friends, or just relax and enjoy the peaceful setting.

The picturesque yard is an added bonus, with irrigation supplied by a private well, helping you keep your landscaping lush and green without driving up your water bill.

Practical Features That Add Real Value

Beyond its beauty and location, this Stone Harbor home offers a range of smart, practical features that enhance everyday living:

  • 3-car garage with durable epoxy flooring, perfect for vehicles, storage, a workshop, or home gym
  • Security system for added peace of mind
  • Plumbing for a central vacuum system, should you wish to install it in the future
  • Separate laundry room with sink
  • 1/2 bath for guests

These details make day-to-day life easier and add long-term value to the property.

Stone Harbor: A Resort-Style Community in Lenoir City

The Stone Harbor subdivision is widely appreciated by buyers seeking East Tennessee lake community homes. It offers a true sense of neighborhood and a variety of amenities that feel almost resort-like:

  • Community pool for summer fun and relaxation
  • Clubhouse for gatherings and events
  • Stocked fishing pond for easy catch-and-release afternoons close to home
  • Sidewalks throughout for safe walking, jogging, or biking

Combined with the lake just across the street and marinas only minutes away, these amenities deliver the Tennessee waterfront lifestyle so many buyers are seeking.

Close to Everything East Tennessee Has to Offer

From 1636 Stone Harbor Boulevard, you’re perfectly positioned to enjoy the very best of East Tennessee:

  • Short drive to Lenoir City and West Knoxville for shopping, dining, and services
  • Access to top medical facilities and schools
  • Proximity to Fort Loudoun Lake and other nearby lakes and rivers
  • Easy reach to mountains, golf courses, horse farms, and dog parks

Whether you’re spending the day out on the water, feeding the catfish off the dock at Calhoun’s, or heading into Knoxville for a night out, this home places everything within convenient reach.

Is 1636 Stone Harbor Boulevard Your Next Home?

If you’re in the market for:

  • A Lenoir City home near the lake
  • A property in a well-maintained, amenity-rich community
  • A move-in ready home with ample living space and outdoor entertaining areas
  • Convenient access to Knoxville, marinas, and Fort Loudoun Lake

…this Stone Harbor home is a must-see.

Every time you enter or leave the subdivision and catch sight of the water, you’re reminded that you’re not just coming home, you’re returning to a lake-inspired lifestyle. With its ideal location, thoughtful floor plan, and beautiful outdoor spaces, 1636 Stone Harbor Boulevard truly stands out in the Lenoir City real estate market.

Interested in touring this property?
Schedule your private showing and experience firsthand what life could be like in Stone Harbor, where the lake is just across the street, the marina and Calhoun’s are only minutes away, and coming home always feels a little bit like being on vacation.

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Are Knoxville Home Prices Cooling? October 2025 Knoxville & East Tennessee Housing Market Update

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Are you wondering what’s really happening in the Knoxville and East Tennessee real estate market? The latest data for October 2025 reveals a turning point for both buyers and sellers, with significant changes in inventory, pricing, and market dynamics. Whether you’re thinking of buying, selling, or just keeping an eye on the local market, this comprehensive update breaks down the key trends you need to know.

Knoxville Housing Market: A Shift Toward Balance

The Knoxville single-family home market is experiencing a notable transition. Inventory levels have surged by an impressive 42.3% year-over-year, giving buyers far more choices than in October 2024. New listings are up 11.5%, and pending sales have climbed by 12.3%, indicating that demand remains active despite the influx of supply.

However, closed home sales dropped 5.9% compared to last year. This shift means that, while buyers are interested, the increased inventory isn’t being fully absorbed, signaling a clear move away from the intense seller’s market conditions of recent years.

Pricing Trends in Knoxville

  • Median sales price fell 5.9% year-over-year to $382,500, a significant decline.
  • Average sale price remained virtually flat at $497,005, up just 0.4%.
  • Median active list price dropped 2.3%, while the average list price increased 2.2%. This suggests that while some sellers are adjusting prices downward, higher-priced homes are staying on the market longer.
  • Average days on market jumped 48.5% to 49 days, and median days on market rose 43% to 20 days. Homes are taking longer to sell as buyers become more deliberate and selective.

Month-Over-Month Snapshot

Compared to September, the absorption rate in Knoxville ticked up slightly to 3.11 months (from 3.05). Both average and median days on market increased, reinforcing the trend of a cooling market. Despite these headwinds, pending sales rose from last month, showing there’s still underlying demand even as buyers take more time and exercise greater negotiating power.

Key Takeaway for Knoxville

The Knoxville real estate market is now much more balanced. Buyers have regained leverage, sellers face more competition, and price appreciation has clearly stalled. Sellers should prepare for longer marketing times and the need to price competitively to attract offers. Buyers, on the other hand, can expect a greater selection of homes and improved negotiating conditions compared to the overheated market of a year ago.

East Tennessee Housing Market: Signs of Normalization

Looking beyond Knoxville, the East Tennessee single-family housing market is also showing clear signs of normalization in October 2025.

  • Inventory levels rose sharply, up more than 22% from last year, giving buyers more options and easing some of the competitive pressure.
  • Home sales were up just over 3% year-over-year, while pending sales surged 20.8%, signaling strong momentum heading into the winter months.
  • New listings climbed 12%, and while sellers continue to price homes optimistically (list prices up 2–3%), actual sales prices showed stability.
    • Median sales price dipped just 0.54% to $368,000
    • Average sale prices remained flat
  • Absorption rate now sits at 4.78 months, up from 4.06 a year ago, reflecting a market moving toward balance.
  • Average days on market rose to 64, a 36% increase from last year, though marketing times improved slightly compared to September.

County-Level Highlights

  • Roane County: Inventory up 41.7%, pending sales up 32.2%, median price up 3.7% to $350,000.
  • Knox County: Inventory up 37.1%, pending sales up 12.7%, median price down 4.74% to $381,000.
  • Anderson County: Inventory up 34.6%, pending sales up 21%, median price down 1.34% to $332,000.
  • Loudon County: Inventory up 17.1%, pending sales up 11%, median price down 12.52% to $544,500.
  • Sevier County: Inventory up 10.94%, pending sales down 11.41%, median price up 25% to $575,000.
  • Blount County: Inventory up 10.5%, pending sales up 13%, median price down 2.46% to $390,075.

Four out of six counties saw median prices lower than a year ago, showing that while some areas still see appreciation, price growth is largely stalled or even negative across much of the region.

Market Charts: Knoxville Metro at a Glance

  • Active listings are at their highest in six years, surpassing even pre-pandemic levels.
  • Weeks of supply have jumped to 17, up from 11 in 2019, showing a significant increase in inventory relative to demand.
  • 2025 saw the lowest number of homes sold for this point in the year in the past seven years, reflecting slowing demand.
  • New listings are the second highest in seven years, further adding to supply.
  • Days on market are at their highest in six years, and pending sales are at their second lowest.
  • Sale-to-list price ratio is at 98.1%, tied with 2019 and 2024, indicating more negotiation and less bidding above asking price.
  • Price drops are at their highest in the past six years, reflecting increased pressure on sellers to adjust pricing.

Why Is This Happening?

The market is still digesting the effects of the pandemic boom. Many buyers who would have purchased homes in 2025 instead bought earlier, thanks to historically low interest rates and a flexible work-from-home environment. This “pull forward” in demand has resulted in slower sales today, combined with a return to more normal inventory levels.

What’s Next for Knoxville Real Estate?

Despite the current moderation, Knoxville remains a market to watch. According to Zillow, the city ranks number four among the top 15 U.S. metros expected to see the largest home price increases between September 2025 and September 2026, with a forecasted 5% gain. Move Buddha’s Moving Forecast also names Knoxville as the most popular city to move to in 2026, with a high in-to-out migration ratio.

Final Thoughts

The October 2025 Knoxville and East Tennessee housing market update clearly shows a shift toward balance. Inventory is up, prices are moderating, and homes are taking longer to sell. Buyers now have more leverage and negotiating power, while sellers must adjust expectations and price competitively to succeed in this new environment.

If you’re thinking about buying or selling a home in Knoxville or East Tennessee, now is the time to work with a knowledgeable real estate professional who can help you navigate these changing market conditions.

For more updates or to get advice tailored to your situation, don’t hesitate to reach out!

Ready to make your next move in Knoxville or East Tennessee? Contact us today for personalized guidance and market insights.

East Tennessee & Knoxville Housing Market Update SEPTEMBER 2025: Prices, Trends, and Buyer-Seller Insights

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Are you a homeowner, buyer, or seller looking to understand the latest trends in the East Tennessee and Knoxville housing market? As we approach the end of 2025, market conditions have shifted, interest rates are making waves, and submarkets like Farragut, Lenoir City, and Tellico Village are showing unique patterns. Here’s everything you need to know to navigate the Knoxville real estate market this fall.

Knoxville Housing Market 2025: Cooling but Not Crashing

After years of rapid price growth and frenzied bidding, the Knoxville housing market in 2025 is undergoing a noticeable transformation. Inventory has surged by over a third compared to last year, and homes are staying on the market longer—almost double the days compared to 2024. Sales volume is down nearly 8% year-over-year, and the median home price is now essentially flat, even dipping slightly in some neighborhoods.

Key Takeaway for Home Sellers:
Knoxville sellers must be strategic with pricing and flexible on concessions, as buyers have more options and are no longer rushing to make offers.

East Tennessee Real Estate: A More Resilient Picture

While Knoxville proper is feeling the pinch, East Tennessee’s real estate market as a whole remains resilient. Median prices are up 2-3% year-over-year, and pending sales have benefited from a temporary dip in mortgage rates this fall. Outlying areas such as Lenoir City, Loudon County, and Roane County are seeing steady or even rising demand, absorbing much of the new inventory and maintaining price growth.

Key Takeaway for Buyers:
If you’re priced out of Knoxville, expanding your search to the broader East Tennessee market—especially growing towns and counties—can offer better value and more affordable monthly payments.

Why Outlying Areas Are Booming: Affordability Shifts Demand

One of the biggest trends of 2025 is that outlying communities are capturing buyers who might otherwise have purchased in Knoxville. As the city’s median price outpaces regional averages, many buyers are looking to suburbs and nearby towns for better deals.

  • Farragut: With its top-rated schools and amenities, Farragut remains in demand. However, rising prices and inventory mean homes are staying on the market longer despite a 30% jump in pending sales after the recent rate drop.
  • Lenoir City: This value-driven hotspot is attracting buyers with newer homes and reasonable commutes to Knoxville. Inventory is up, but homes are selling quickly, making for a competitive market.
  • Tellico Village: Known for its active-adult community and lakefront living, Tellico Village is experiencing a surge in inventory and a dip in median sale price, giving buyers more choices and negotiating power—especially for homes needing updates.

Key Takeaway for Investors:
Strong demand in Lenoir City and Farragut, as well as lifestyle-driven buyers in Tellico Village, make these submarkets worth watching for potential appreciation and rental opportunities.

The Role of Mortgage Interest Rates

Mortgage rates have been the wild card in the Knoxville and East Tennessee housing market. Earlier this fall, rates dipped briefly to just over 6%, sparking a surge in pending sales. However, any further increases could dampen both buyer demand and price growth, particularly in Knoxville, where affordability is stretched.

Key Takeaway for Buyers & Sellers:
Watch interest rates closely—lower rates could mean more competition and firmer prices, while higher rates might extend days on market and open the door to negotiation.

Knoxville Real Estate Forecast Through 2026

Looking ahead, the consensus among local experts is that the Knoxville real estate market will continue to normalize. Expect prices to remain flat or post only modest gains, with some neighborhoods possibly seeing slight declines. The broader East Tennessee market, however, is expected to show more resilience, especially in growth corridors and popular commuter towns.

Tips for Success:

  • Buyers: Expand your search radius to include outlying areas for more options and better deals.
  • Sellers: Be realistic about pricing, and consider offering concessions or updates to attract buyers.
  • Homeowners: If you’re not in a rush to move, waiting for rates to drop could bring more favorable selling conditions.

Final Thoughts: Navigating the East Tennessee & Knoxville Housing Market

Whether you’re buying, selling, or simply monitoring property values, staying informed about local trends is essential in a shifting market. Knoxville is correcting faster than the region, but East Tennessee remains a strong bet for homeowners and investors. Keep an eye on interest rates and be ready to act quickly when the right opportunity arises.

Ready to make your move?
For the latest Knoxville and East Tennessee market updates, tips for home buyers and sellers, and expert real estate advice, subscribe to our newsletter or contact us today!

East Tennessee housing market September 2025
Knoxville housing market September 2025
East Tennessee counties housing market September 2025
Farragut TN housing market September 2025
Lenoir City TN housing market September 2025
Tellico Village housing market September 2025

East Tennessee & Knoxville Housing Market Update – August 2025

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Are you curious about the current real estate trends in Knoxville and East Tennessee? Whether you’re considering buying, selling, or investing, understanding the latest market shifts is essential for making the right move. Here’s a comprehensive, data-driven look at the August 2025 housing market update for East Tennessee and Knoxville, including prices, inventory, and expert insights.

East Tennessee & Knoxville Single-Family Housing Market Report – August 2025

Economic & Market Context (Applies to Both Markets)

  • Mortgage rates have dropped to the low 6% range (~6.29%), improving affordability and monthly payments for buyers.
  • Labor market data is a growing concern: National job growth over the past year was revised sharply lower, with only 22,000 jobs added in August and significant downward revisions in sectors like leisure, hospitality, retail, and business services.
  • Buyer confidence is mixed—improved by rate relief but tempered by employment insecurity.
  • Inventory is elevated across markets, providing buyers with more choices and reducing urgency.
  • Days on market and absorption rates are increasing, signaling a slower pace of sales and movement toward a more balanced or slightly buyer-leaning market.
  • Negotiability is up: Sale-to-list ratios are lower, and price reductions/concessions are more common.
  • Lending standards may tighten further due to economic uncertainty, limiting access for marginal buyers.

Supply, Demand & Pricing Dynamics (Shared Trends)

  • Active inventory is high vs. last year, keeping upward pressure off prices and giving buyers leverage.
  • New listings remain steady, showing seller engagement, but not enough to create excess supply.
  • Median sale prices are flat to modestly up, while average sale prices have been buoyed by upper-tier transactions.
  • Absorption rates are trending higher YoY, indicating more choices and slower turnover.
  • Days on market for sold listings have increased substantially, especially for homes not priced to current conditions.
  • Sellers must be realistic on pricing and incentives; buyers can negotiate more assertively, especially on stale listings.

Knoxville vs. East Tennessee: Key Differences & Local Nuance

1. Inventory, Absorption & Market Speed

  • Knoxville
    • Absorption rate: 2.94 months (Aug 2025), up 34% YoY—still somewhat seller-leaning but moving toward balance.
    • Active listings: ~1,600, with steady but not excessive new supply.
    • Average Days on Market: 46 (+35% YoY); Median DOM: 22 (+83% YoY).
    • Market is slightly faster than the broader East Tennessee region (which has a 4.82 month absorption rate and longer DOM), but both are slowing.
  • East Tennessee (Region-Wide)
    • Absorption rate: 4.82 months (Aug 2025), up 27% YoY—close to balanced, potentially tipping buyer-friendly if demand softens.
    • Average DOM: 63 (+37% YoY); Median DOM: 29 (+45% YoY).
    • More pronounced inventory build and slower pace overall vs. Knoxville.

2. Pricing Trends

  • Knoxville
    • Median list price: $415,000 (down 7.4% YoY).
    • Average sale price: $512,654 (up 10.5% YoY).
    • Median sale price: $390,888 (up 1.5% YoY).
    • Pricing reflects a sharper correction in list prices, with average sale price buoyed by upper-tier deals, but most sellers see little real appreciation.
  • East Tennessee
    • Median list price: $440,000 (nearly flat YoY).
    • Average sale price: $471,398 (up 6.8% YoY).
    • Median sale price: $376,200 (up 3.1% YoY).
    • List prices haven’t corrected as much as Knoxville, but the pattern of average prices outpacing median is similar, reflecting strength at the top of the market.

3. Negotiation & Sale-to-List Ratios

  • Knoxville
    • Sale-to-list ratios: 95–97% (lower than last year), with frequent discounts needed to close.
    • Median sale prices are often below median list prices, showing persistent buyer leverage.
  • East Tennessee
    • Sale-to-list price ratio: ~95%, also down YoY.
    • Negotiability is common across the region; sellers of aging inventory must stay flexible.

4. Market Segmentation & Buyer Behavior

  • Knoxville
    • Entry-level and mid-market segments ($250k–$400k): Most sensitive to job market fears; these buyers benefit from rate relief but are often sidelined by economic uncertainty.
    • Upper-tier sales ($400k+): Drive the average price higher, but volume is limited.
    • Homes priced right and move-in ready move fastest; stale inventory is slow to clear.
  • East Tennessee
    • Similar segmentation: Entry and mid-market buyers are most impacted by job and lending trends.
    • Upper-tier strength is evident but less concentrated than in Knoxville.
    • Market is generally a bit slower and more diverse across submarkets.

5. Risks & Outliers

  • Knoxville
    • List price declines are more pronounced than region-wide, suggesting sellers are adjusting expectations faster, or a higher share of affordable product is coming to market.
    • Market is less exposed to deep softening than some rural/outlying counties, thanks to more diversified local demand.
  • East Tennessee
    • Outlying areas may see greater inventory buildup and longer marketing times, especially if job losses are concentrated in specific towns or industries.
    • Region is somewhat more vulnerable to further economic shocks, particularly outside major metros like Knoxville.

Strategic Guidance for Both Markets

For Buyers

  • Assess job security and financial stability first—don’t overextend.
  • Negotiate confidently on older or price-reduced listings.
  • Take advantage of lower rates, but ensure full pre-approval and keep contingencies in place.

For Sellers

  • Price to current market—not to last year’s peak.
  • Expect longer marketing times and be ready for strategic concessions (rate buydowns, closing credits).
  • Invest in property condition and presentation to stand out.

For Investors

  • Underwrite with conservative rent and absorption projections.
  • Favor stable neighborhoods and properties with strong rental demand.
  • Prepare for higher vacancies or longer lease-up periods.

Outlook: What to Watch Through Year-End 2025

  • Pending sales and mortgage applications: Early signals for shifts in demand.
  • Local job market trends: Especially important in entry-level and service sectors.
  • Inventory build and price reductions: Especially if list prices keep falling in Knoxville.
  • Market speed: Any further rise in DOM or absorption signals softening.

Conclusion

Both Knoxville and the broader East Tennessee region are experiencing a market in transition, balancing improved affordability against weaker labor market data and rising inventory.

  • Knoxville is adjusting more quickly on price and remains a touch more resilient due to diverse demand, but is not immune to broader economic headwinds.
  • East Tennessee as a whole is trending toward a balanced or slightly buyer-leaning market, with greater risk of softening in less urban submarkets.
  • Success for buyers, sellers, and investors in either market hinges on realism, flexibility, and close attention to both local and macroeconomic trends as the remainder of 2025 unfolds.

Looking for advice specific to your neighborhood or price point?
Contact us for a custom market report or subscribe for monthly updates on Knoxville and East Tennessee real estate!

4101 Bajo Lane Powell TN — All-Brick Home with Main-Level In-Law Suite, 5 Garages, Sunroom | Norte Villar

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Discover 4101 Bajo Lane in Powell’s sought-after Norte Villar subdivision—a rare blend of single-level convenience, authentic multi-generational living, and exceptional garage/workshop capacity. Set on a quiet .70-acre cul-de-sac and wrapped in a low-maintenance all-brick exterior, this 4-bedroom, 3.5-bath home delivers everyday ease, privacy, and flexible spaces for modern life.

Why 4101 Bajo Lane Stands Out

More than 3,000 of the 3,339 total square feet are on the main level, keeping daily routines simple and accessible. A vaulted family room flows into the kitchen and formal dining, while a bright sunroom opens to a covered deck for year-round enjoyment. A see-through fireplace warms both the family room and the sunroom, creating a cozy, connected atmosphere for morning coffee or evening gatherings.

H3: True Main-Level In-Law Quarters
The in-law suite is thoughtfully designed for comfort and independence. It includes its own living area, a full kitchen, a private bedroom, and a full bath with double sinks and a custom, extra-large shower featuring elements to assist with handicap accessibility. It’s perfect for parents, long-term guests, an au pair, or independent adult children.

Accessibility Highlights in the In-Law Suite

From the expansive shower to the practical layout, the suite prioritizes ease of movement and functionality while blending seamlessly with the home’s overall design.

Privacy Without Separation

Connected but distinct, the in-law quarters preserve privacy on both sides, enabling multi-generational living without compromise.

Everyday Convenience Built In

With most living spaces on the main floor, chores, groceries, and hosting happen without the hassle of stairs.

Serious Garage Capacity and Workshop Potential

Five garage spaces and dual driveways set this property apart. A two-car garage on the main level serves daily life, while three lower-level bays are ideal for a workshop, car collection, boat storage, or weekend toys.

Lower Level Advantages

The basement provides unfinished storage and is plumbed for an additional bathroom—perfect for quick clean-ups from the lower garages or workshop area without tracking mess through the main level.

Organize, Store, and Build

From tools and seasonal décor to project materials, there’s room for everything—keeping the main living areas clutter-free.

Flexible Spaces for Today’s Living

Beyond the main-level bedrooms, the home features an upstairs suite with a bedroom, full bath, and walk-in closet—an excellent guest retreat, teen space, or quiet home office away from the action. All full baths include double sinks, and a dedicated main-level laundry streamlines everyday tasks.

Indoor/Outdoor Flow

The sunroom opens to a covered deck for easy transitions between entertaining, relaxing, and dining al fresco.

Warmth and Ambiance

A see-through fireplace connects the family room and sunroom, adding inviting character and year-round comfort.

Location: Norte Villar in Powell, Tennessee

Set on a cul-de-sac within an established, highly desired neighborhood, the home offers both privacy and convenience. You’re minutes from the new Belltown commercial center, putting restaurants, retail, healthcare, and a new park under construction close at hand.

Peaceful Lot, Prime Access

Enjoy the calm of a .70-acre lot while staying close to daily essentials and weekend fun.

Quick Facts and Highlights

  • 4 bedrooms | 3.5 baths
  • Over 3,000 main-level square feet out of 3,339 total
  • Main-level in-law suite with living room, full kitchen, and accessible bath featuring a custom, extra-large shower
  • Vaulted family room and sunroom connected by a see-through fireplace
  • Sunroom opening to a covered deck
  • Dedicated main-level laundry
  • Five garage spaces with dual driveways: 2-car main level + 3 lower-level bays
  • Unfinished basement storage + plumbing rough-in for future bath
  • .70-acre cul-de-sac lot in Norte Villar
  • Timeless, low-maintenance all-brick exterior

Who This Home Is Perfect For

Multi-generational households, work-from-home professionals needing quiet spaces, car enthusiasts and makers seeking serious garage capacity, and anyone who values true single-level living without sacrificing flexibility or style.

Schedule Your Private Tour

Homes that combine single-level living, genuine in-law quarters, extensive garage space, and thoughtful storage are rare—especially in Powell’s Norte Villar. To experience how effortlessly 4101 Bajo Lane fits your life, schedule a private showing today.

Offered By
Troy Stavros, CornerStone Realty Associates

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July 2025 East Tennessee & Knoxville Housing Market Update: Inventory Surge Creates New Opportunities

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Market Shifts Toward Balance as Buyers Gain Leverage

The East Tennessee and Knoxville housing markets are experiencing significant shifts as we move through summer 2025. With inventory levels surging across the region and homes taking longer to sell, both buyers and sellers are navigating a markedly different landscape than just one year ago and especially different than the white hot market a few years ago. Here’s what the latest data reveals about our local real estate market through July 2025.

East Tennessee Regional Market: Moving Toward Buyer-Friendly Territory

Key Market Indicators Show Cooling Trend

The broader East Tennessee single-family home market has seen dramatic changes over the past year:

  • Inventory jumped 32.4% year-over-year, providing buyers with significantly more options
  • Absorption rate climbed to 4.75 months (up from 3.68 months in July 2024), indicating a shift toward a balanced market
  • Median sale price remains essentially flat at $374,000 (+0.13% YoY)
  • Average days on market increased to 64 days (up 42% from last year)

Positive Signs Emerge Despite Slowdown

While the market has cooled, there are encouraging indicators:

  • Home sales increased 3.6% compared to July 2024
  • Pending sales surged 19% year-over-year, suggesting stronger activity ahead
  • New listings rose 6.3%, showing seller confidence remains intact

The average sold price per square foot sits at $222, making East Tennessee an attractive option for buyers seeking value in today’s market.

Knoxville Market: Urban Core Shows Greater Resilience

City Market Outperforms Regional Trends

Knoxville’s single-family home market, while experiencing similar pressures, demonstrates stronger fundamentals:

  • Inventory surged 46.9% year-over-year, the fastest growth rate in the region
  • Absorption rate of 2.98 months keeps Knoxville in mild seller’s market territory
  • Median sale price reached $400,000 (+1.27% YoY), showing modest appreciation
  • Average days on market rose to 42 days (up 56% YoY), but still faster than the regional average

Urban Demand Remains Steady

Despite increased inventory, Knoxville benefits from:

  • Concentrated employment centers driving consistent buyer demand
  • Average sold price per square foot of $232, reflecting the premium for urban convenience
  • Stronger negotiating positions for sellers, with homes typically selling at 97-98% of original list price

Farragut Spotlight: Premium Market Faces Unique Challenges

High-End Market Experiences Distinct Pressures

The Farragut (37934) market, traditionally one of the region’s premium submarkets, shows interesting divergence:

  • Median sale price of $682,500 declined 5.57% year-over-year
  • Inventory increased 35.8%, creating more competition among luxury listings
  • Absorption rate rose to 3.22 months, indicating even this desirable area is shifting toward balance
  • New listings dropped 25.7%, suggesting some sellers are waiting for better conditions

What’s Driving These Market Changes?

Multiple Factors Converging

Several forces are reshaping our local real estate landscape:

  1. Affordability Challenges: Higher mortgage rates combined with elevated home prices are limiting buyer purchasing power
  2. Economic Uncertainty: National economic policies, including trade considerations, may be impacting buyer confidence
  3. Seasonal Patterns: The traditional summer buying season hasn’t provided its usual boost
  4. Inventory Accumulation: More homes entering the market than being absorbed creates mounting supply

What This Means for Buyers

Unprecedented Opportunities Emerging

For buyers, the current market presents advantages not seen in years:

  • More negotiating power, especially on homes with 30+ days on market
  • Increased selection across all price points
  • Time to make thoughtful decisions without the pressure of immediate competition
  • Opportunity to request concessions including repairs, closing costs, or rate buydowns

Strategic Buying Tips

  • Focus on homes that have been listed for several weeks
  • Use comparative market analysis to justify offers below asking price
  • Don’t hesitate to request seller concessions
  • Act quickly on well-priced, move-in ready homes in prime locations

What This Means for Sellers

Adapting to New Market Realities

Sellers must adjust strategies to succeed in this evolving market:

  • Price competitively from day one – overpricing will result in extended market time
  • Prepare for negotiation – expect to negotiate 2-5% off original list price
  • Invest in presentation – move-in ready homes still command premium prices
  • Be flexible on terms – consider buyer requests for closing costs or repairs

Pricing Strategy is Critical

  • Review and potentially adjust pricing after 21-28 days if showing traffic is low
  • Consider pre-listing improvements to stand out from increased competition
  • Work with experienced agents who understand current market dynamics

Looking Ahead: Rest of 2025 Outlook

Expected Trends Through Year-End

As we move into fall and winter 2025, expect:

East Tennessee Region:

  • Absorption rate to remain elevated at 4.5-5.2 months
  • Prices to stay relatively flat with selective softening
  • Continued buyer leverage in negotiations

Knoxville Market:

  • Absorption rate around 2.7-3.3 months
  • Modest price appreciation of 0-2% for quality properties
  • Faster sales than regional average to continue

Market-Wide Expectations:

  • Inventory levels to remain elevated through year-end
  • Days on market to potentially increase further during slower fall/winter months
  • More price reductions and seller concessions becoming standard

Bottom Line: A Market in Transition

The East Tennessee and Knoxville housing markets are clearly transitioning from the seller-dominated conditions of recent years toward a more balanced environment. While this shift creates challenges for sellers accustomed to quick sales and multiple offers, it presents long-awaited opportunities for buyers who have been sidelined by fierce competition and rapidly rising prices.

Success in this market requires understanding these new dynamics and adjusting strategies accordingly. Sellers who price realistically and present their homes well can still achieve their goals, while buyers who act strategically can finally find value and negotiating power in their home search.

Whether you’re buying or selling in East Tennessee, working with an experienced real estate professional who understands these evolving market conditions is more important than ever. The market has changed, and your strategy should too.