Rhea County, TN Home Values & Market Trends
The median home price in Rhea County, TN is $236,438.32. There were 497 home sales in Rhea County, TN over the past 12 months. The median residential Rhea County, TN home value for transactions over the previous year is $217,000. The number of current listings in Rhea County, TN is 65, and the percentage of properties for sale is 65.00%. The county has 17 foreclosures, 6 bank owned properties, 11 headed for auction, and 65 properties for sale.
Rhea County, TN Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Dayton | $ 294,000 $ 179/sqft | Graysville | $ 392,503 $ 216/sqft |
Spring City | $ 344,900 $ 175/sqft | Grandview | $ 353,590 $ 175/sqft |
Evensville | $ 325,000 $ 160/sqft |
Housing Market Summary for Rhea County, TN
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $262.4K | $227.3K | -13.38% |
Median Sold Price | $213.1K | $227.3K | 6.67% |
Homes For Sale | 78 | 56 | -28.21% |
Homes Sold | 322 | 321 | -0.31% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rhea County, TN
Browse Homes in Rhea County, TN
Rhea County, TN home values range from $20,198 to $16,663,051. Grandview is the priciest city with a median listing home price of $404,950, and Graysville is most affordable with average house prices of around $247,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Rhea 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 5 cities within Rhea 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Rhea County, TN ranges from the highest value of $222,998 in Spring City to the lowest value of $112,405 in Spring City. Bank owned homes and properties account for 0.05% of properties in Rhea County, TN. There are 5 cities within Rhea County, TN; Spring City containing 4 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSpring City has 4 auction properties, the highest number of properties going to auction in a single city in the state of Rhea County, TN. Auction homes and other auction properties account for 0.08% of all properties in Rhea County, TN. There are 5 cities within Rhea County, TN; of those cities, the median estimated home value for homes going to auction ranges from $268,904 in Evensville to the lowest value of $199,680 in Evensville.
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More Real Estate Resources for Rhea County, TN
Guide for Rhea County, TN
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.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws
Learn how to secure a house mortgage even with a low credit score.