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

CityMedian Est. ValueCityMedian 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 2023February 2024Change
Median Listing Price$262.4K$227.3K-13.38%
Median Sold Price$213.1K$227.3K6.67%
Homes For Sale7856-28.21%
Homes Sold322321-0.31%
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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 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.

Foreclosure
There are 5 cities within Rhea County, TN; within these cities, the median estimated home value for homes in foreclosure ranges from $529,659 in Spring City to the lowest value of $112,405 in Spring City. Foreclosure homes account for 0.00% of properties in Rhea County, TN with Spring City containing 8 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    Spring 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.49% of residential properties in Rhea County, TN with Dayton containing 38 homes for sale, the highest number of listed properties in a single city. There are 5 cities within Rhea County, TN; homes for sale in those cities, have a range of median values from $387,280 in Grandview to the lowest value of $68,692 in Spring City.
    Sold Homes
    The median value for recently sold homes ranges from $408,545 in Grandview to the lowest price of $24,134 in Grandview. There are 5 cities within Rhea County, TN. Dayton has 158 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.32% of properties in Rhea County, TN.

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      Guide for Rhea County, TN

      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
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      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

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes Rhea County, TN

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