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December's 2023 Maryville Market Update

Mark McCormick

Mark McCormick was born in Western Pennsylvania and has lived in East Tennessee since he graduated from Lebanon Valley College in 2004...

Mark McCormick was born in Western Pennsylvania and has lived in East Tennessee since he graduated from Lebanon Valley College in 2004...

Dec 11 2 minutes read

Quick Overview

      The Blount County real state market has cooled as we get deeper into fall and approach winter. We are seeing some longer days on market for some homes, especially for the homes listed over 450,000 dollars, however, the homes under 400,000 dollars are still selling in near record lows for days on market, however, days on market has increased from last month. Blount County has had some new releases of new construction below 400,000 dollars as well which is creating a bit more competition for the sale of existing homes.

     Inventory is still historically low, even lower than last month, even with the longer days on market. This is still just a continuation of the trend of many people not selling to upgrade or downsize, due to higher interest rates. Buyers do have more options currently for homes which is good, and currently builders are still producing spec homes, many of which are below 400,000 dollars,  which is helping inventory a little bit as well. 

December Market Update for Maryville

168

New Listings

354

Active Listings

158

Under Contract

114

Closed Sales


Homes Sold

94.6%

Sale-to-List 


 

$350,000

Average Sales Price

2.47

Months of Supply

35.8

Average Days on Market

Curious about how your home's value has changed?

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