2024 Real Estate Market Recap: Hamblen County Insights | TNRealEstateGal

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Dive into the Hamblen County real estate market with me, TNRealEstateGal, as we analyze what happened in 2024 and compare it to 2023. Last year, we saw some interesting shifts! 🏠
In 2024, Hamblen County witnessed the sale of 615 homes, with prices ranging from $27,500 to $1.5 million. The average sales price climbed to $314,887, reflecting a 10% increase from 2023. Despite a slight decrease in the number of homes sold, market strength was evident as the average days on the market dropped by 22%, showcasing faster sales.
The median sales price rose to $289,000, selling for 98.25% of the list price, indicating strong buyer commitment. Unlike the average, the median offers a balanced view, avoiding skew by high-end sales, such as the four homes sold over $1 million. These included spectacular properties like a lake view home in Talbott with extensive landscaping and luxury amenities, which fetched $1.5 million.
Year-over-year, while the average sales price saw a significant uptick, the median price's steadier rise suggests a healthy, appreciating market without the risk of a bubble.
For detailed insights and a deeper dive into specific high-value sales in areas like Wuthering Heights and Harbor Point, watch the full video. We'll explore each facet of the market dynamics and discuss potential trends for 2025.
📊 Your thoughts matter! What are your predictions for the Hamblen County real estate market in 2025? Drop your insights in the comments below.
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