Knoxville and Farragut TN Real Estate Market Snapshot – March

Here are the most recent (March) statistics for the Knoxville and Farragut TN real estate markets.

Here are the Knoxville TN real estate market stats for March.  The highlighted stats are:

• Median sold price of Knoxville homes in March = $153,000
• Median list price of Knoxville homes in March = $159,900
• Median days on the Market for Knoxville homes = 74 days
• Homes sold in Knoxville in March = 1097
• Homes listed in Knoxville in March = 2569
• Absorption Rate in March for Knoxville = 8.55 months
• Year to Date Knoxville home sales are up 4.4% through March compared to last year.
• Year to Date Knoxville home prices are up 10.74% through March compared to last year.

Here are the Farragut TN real estate market stats for March:

• Median sold price of Farragut homes in March = $308,750
• Median list price of Farragut homes in March = $409,000
• Median days on the market for Farragut homes in March= 42 days
• Homes sold in Farragut in March = 40
• Homes listed in Farragut in March = 74
• Absorption Rate in March for Farragut = 4.23 months
• Year to Date Farragut home sales are up 24.7% through March compared to last year.
• Year to Date Farragut home prices are up 14.35% through March compared to last year.

Have questions about the market or anything Knoxville or Farragut real estate related?  Contact me, Troy Stavros with Gables & Gates, REALTORS and I’d be happy to answer any questions you have!