Are you considering buying or selling a home in Tellico Village, located in breathtaking Loudon, Tennessee? This sought-after community is known for its scenic beauty, active lifestyle, and desirable real estate options. As of April 2025, the housing market in Tellico Village is showing signs of transition, providing opportunities and challenges for buyers and sellers alike.
In this blog post, we’ll break down the latest trends, key metrics, and actionable insights you need to navigate the Tellico Village real estate market with confidence.
Tellico Village Housing Market Overview
The Tellico Village market is shifting from a strong seller’s market to a more balanced environment, with growing inventory levels and softening prices. While the market remains active, buyers are gaining leverage, making this a key moment for both buyers and sellers to act strategically.
1. Inventory and Absorption Rate
- Active Listings: Increased to approximately 160 homes by April 2025 (up 89% from one year ago), signaling higher inventory levels.
- Absorption Rate: Jumped by 85.56% year over year, reaching 5.14 months of inventory (up from 2.77 months in April 2024).
What This Means:
- For Sellers: Homes are taking longer to sell, and pricing competitively is now critical in a more crowded market.
- For Buyers: With increased inventory and a market nearing a buyer’s market threshold of six months, buyers have more options and greater negotiating power.
2. Pricing Trends
- Average List Price: Increased modestly by 2.86% to $678,972, reflecting steady seller confidence.
- Median List Price: Decreased slightly by 0.64% to $639,900, showing sellers are adjusting expectations to meet demand.
- Average Sale Price: Declined by 9.28% to $636,021, suggesting buyers are negotiating lower prices, especially on higher-end properties.
- Median Sale Price: Rose slightly by 1.06% to $624,900, indicating stability in mid-range home values.
What This Means:
- For Sellers: Sellers of premium properties must adjust pricing expectations and consider offering incentives to attract buyers.
- For Buyers: Declining average sale prices present opportunities to secure deals, particularly on luxury homes.
3. Days on the Market
- Average Days on Market: Decreased slightly by 7.5% to 74 days, showing some homes are selling faster than before.
- Median Days on Market: Increased significantly by 73.08% to 45 days, reflecting that less desirable or overpriced homes are lingering longer.
What This Means:
- For Sellers: Well-priced, move-in-ready homes are selling quickly, but overpricing will likely lead to extended market times.
- For Buyers: Buyers have more time to evaluate their options, especially for homes that have been on the market longer.
4. Sale-to-List Price Ratio
- Sale-to-Original List Price Ratio: Dropped to under 94%, indicating that sellers are accepting offers well below their initial asking prices.
- Sale-to-Final List Price Ratio: Remains strong at around 98%, showing that sellers who adjust their prices competitively still sell near their final asking price.
What This Means:
- For Sellers: Start with a competitive price to avoid prolonged market times and eventual price reductions.
- For Buyers: Buyers can negotiate discounts, particularly on homes that have lingered on the market.
5. Price Volume Trends
- Active List Volume: Increased, driven by higher inventory levels and steady list prices.
- Sold Volume: Declined, reflecting a slower pace of closed transactions and the softening of average sale prices.
What This Means:
- For Sellers: Rising competition requires enhanced marketing efforts and realistic pricing strategies.
- For Buyers: Slower sales activity gives buyers more leverage, time, and opportunities to find the right home.
Conclusions for Buyers and Sellers
For Sellers
- Increased Competition: With rising inventory and longer absorption rates, sellers must focus on competitive pricing and effective property presentation to stand out.
- Pricing Strategy: Overpricing homes will lead to extended market times and eventual price reductions. Start with a fair market price to attract buyers quickly.
- Market Preparation: Homes that are well-maintained, updated, and move-in-ready are more likely to sell quickly in this transitioning market.
For Buyers
- Increased Leverage: With more inventory and a cooling market, buyers have more negotiating power than before.
- Time to Evaluate: The longer absorption rate and increased days on market give buyers more time to make informed decisions.
- Negotiation Opportunities: Declining average sale prices and the drop in the sale-to-original list price ratio provide opportunities to secure favorable deals, particularly on higher-end homes.
Tellico Village Market Outlook
The Tellico Village real estate market is transitioning toward balance, with rising inventory, slower sales, and softening prices. While still active, the market is no longer as strongly tilted toward sellers as in prior years. Sellers must adapt to these changes by pricing competitively and presenting their homes effectively, while buyers can take advantage of increased inventory and negotiating opportunities.
Why Work with a Tellico Village Real Estate Expert?
Navigating a shifting real estate market requires the guidance of a knowledgeable local expert. At Cornerstone Realty Associates, we specialize in helping sellers price and market their homes for success and assisting buyers in finding the perfect property in Tellico Village.
Ready to Buy or Sell in Tellico Village? Contact Us Today!
📞 Phone: 865-999-09825
📧 Email: troy@865realestate.com
🌐 Website: 865realestate.com
Let’s make your Tellico Village real estate goals a reality!