Oak Ridge-area home prices fall 15.9% in March, with houses for sale in high demand

Judith Zeng

The median profits value for a one-spouse and children household in Richmond County has lowered 1.4% considering the fact that March 2021.

A usual Anderson County home stated for $285,950 in March, down 15.9% from a thirty day period previously, an assessment of facts from Realtor.com displays.

The median listing house cost in March was up about 10% from March 2021. Anderson County’s median house was 1,856 sq. ft for a shown price of $163 per sq. foot.

The Anderson County market place was busy, with a median 42 times on current market. The market extra 92 new house listings in March, in contrast with the 96 additional in March 2021. The market ended the thirty day period with some 44 listings of houses for sale.

Info on your community housing industry is obtainable via the Usa These days Community, with far more information from Real estate agent.com.

Across metro Knoxville, median house prices fell to $372,400, down .7% from a thirty day period previously. The median residence had 1,990 square feet, at a listing selling price of $189 for each sq. foot.

Across all of Tennessee, median household selling prices were being $371,000, rising 1.7% from a thirty day period before. The median Tennessee house for sale had 1,974 square toes at checklist value of $201 for every square foot.

Throughout the United States, median household price ranges were $404,950, up 3.2% from a thirty day period earlier. The median American house for sale experienced 1,800 sq. feet, shown at $214 for each sq. foot.

The median residence record price — the midway issue of all the properties or units shown in excess of a period of time — is utilized additional typically in this report in its place of the normal household record selling price since industry experts say the median presents a additional precise see of what’s happening in a market. In locating the regular cost, all charges of residences mentioned are additional and then divided by the amount of households marketed. This measure can be skewed by one very low or higher rate.

The Usa These days Network is publishing localized variations of this tale across the nation, created with details from the Realtor.com household listings database.. The story was penned by Mike Stucka and Sean Lahman.

This write-up originally appeared on Oakridger: Oak Ridge-place houses for sale increase to $285,950 median cost

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