Monroe County, TN Home Values & Market Trends

The median home price in Monroe County, TN is $278,810.55. There were 805 home sales in Monroe County, TN over the past 12 months. The median residential Monroe County, TN home value for transactions over the previous year is $224,871. The number of current listings in Monroe County, TN is 125, and the percentage of properties for sale is 125.00%. The county has 13 foreclosures, 4 bank owned properties, 9 headed for auction, and 125 properties for sale.

Monroe County, TN Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Madisonville

$ 285,000

$ 168/sqft

Tellico Plains

$ 339,900

$ 213/sqft

Sweetwater

$ 279,500

$ 150/sqft

Vonore

$ 719,737

$ 233/sqft

Housing Market Summary for Monroe County, TN

Mar 2023February 2024Change
Median Listing Price$299K$265.6K-11.18%
Median Sold Price$234.1K$265.6K13.44%
Homes For Sale1121228.93%
Homes Sold558468-16.13%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Monroe County, TN

Monroe County, TN home values range from $20,670 to $20,958,761. Vonore is the priciest city with a median listing home price of $612,000, and Sweetwater is most affordable with average house prices of around $267,449.5.

Foreclosure
There are 4 cities within Monroe County, TN; within these cities, the median estimated home value for homes in foreclosure ranges from $215,831 in Sweetwater to the lowest value of $61,867 in Sweetwater. Foreclosure homes account for 0.00% of properties in Monroe County, TN with Sweetwater containing 6 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Monroe County, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 4 cities within Monroe County, TN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Monroe County, TN ranges from the highest value of $0 in Sweetwater to the lowest value of $61,867 in Sweetwater. Bank owned homes and properties account for 0.02% of properties in Monroe County, TN. There are 4 cities within Monroe County, TN; Tellico Plains containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Sweetwater has 5 auction properties, the highest number of properties going to auction in a single city in the state of Monroe County, TN. Auction homes and other auction properties account for 0.05% of all properties in Monroe County, TN. There are 4 cities within Monroe County, TN; of those cities, the median estimated home value for homes going to auction ranges from $248,077 in Madisonville to the lowest value of $152,019 in Madisonville.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.71% of residential properties in Monroe County, TN with Madisonville containing 49 homes for sale, the highest number of listed properties in a single city. There are 4 cities within Monroe County, TN; homes for sale in those cities, have a range of median values from $2,604,859 in Vonore to the lowest value of $49,420 in Sweetwater.
    Sold Homes
    The median value for recently sold homes ranges from $854,615 in Madisonville to the lowest price of $22,466 in Madisonville. There are 4 cities within Monroe County, TN. Sweetwater has 155 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.63% of properties in Monroe County, TN.

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      Guide for Monroe County, TN

      Market Reports
      Rochester Real Estate: A Year of Growth and Potential
      Market Reports
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      See More Articles
      Rochester Real Estate: A Year of Growth and Potential
      Market Reports|posted 13 March 2024

      Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.

      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Market Reports|posted 8 March 2024

      The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.

      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws

      Recently Listed Homes Monroe County, TN

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