๐Ÿ“ˆYour Tax Rate May Shift Soon!

New home values are here. . .and many Upper Cumberland owners have questions. This weekโ€™s newsletter breaks down what your reappraisal notice really means, plus local events, tons of new listings, and major price drops you wonโ€™t want to miss.

In this newsletter, youโ€™ll find:

  • Your Market Trends ๐Ÿ“Š 

  • ๐Ÿšจ What to Know About TN Tax Rate Changes!!

  • Just Listed STUNNING 5 bed Home in the Upper $600Kโ€™s ๐Ÿ˜

  • Beautiful Home on 1.19 ACRES Just DROPPED BY $10K๐Ÿ’ธ

  • Local Upcoming Summer Events in the UC & East TN!

Letโ€™s dive in! ๐Ÿ‘‡

PUTNAM COUNTY

Active Listings: 352๐Ÿ“ˆ
New Listings Last Month: 119๐Ÿ“ˆ
Median Days On Market: 56๐Ÿ“‰
Median Listing Price: $417,000๐Ÿ“ˆ
Median Price per SQFT: $230๐Ÿ“ˆ

Slight Buyerโ€™s Advantage

More active listings + homes selling faster = buyers gain negotiating power, with prices still trending up

WHITE COUNTY

Active Listings: 155๐Ÿ“ˆ
New Listings Last Month: 42๐Ÿ“‰
Median Days On Market: 105๐Ÿ“‰
Median Listing Price: $349,900๐Ÿ“‰Median Price per SQFT: $223๐Ÿ“‰

Balanced Market

Prices trending down + inventory staying active = buyers gain negotiating power, but homes are still selling steadily

OVERTON COUNTY

Active Listings: 55๐Ÿ“ˆ
New Listings Last Month: 16๐Ÿ“ˆ
Median Days On Market: 95๐Ÿ“‰
Median Listing Price: $344,200๐Ÿ“ˆ
Median Price per SQFT: $212๐Ÿ“ˆ

Slight Sellerโ€™s Advantage

Prices trending up + inventory staying moderate = sellers still hold some leverage despite longer days on market

CUMBERLAND COUNTY

Active Listings: 436๐Ÿ“ˆ
New Listings Last Month: 105๐Ÿ“ˆ
Median Days On Market: 98๐Ÿ“‰
Median Listing Price: $366,200๐Ÿ“‰
Median Price per SQFT: $217๐Ÿ“ˆ

Slight Buyerโ€™s Advantage

More active listings + prices trending down = buyers gain negotiating power, even with homes selling slightly faster

SMITH COUNTY

Active Listings: 80๐Ÿ“‰
New Listings Last Month: 19๐Ÿ“‰
Median Days On Market: 77๐Ÿ“ˆ
Median Listing Price: $374,300๐Ÿ“‰
Median Price per SQFT: $237๐Ÿ“ˆ

Slight Buyerโ€™s Advantage

Prices trending down + longer time on market = buyers have more negotiating power

FENTRESS COUNTY

Active Listings: 255๐Ÿ“ˆ
New Listings Last Month: 67๐Ÿ“ˆ
Median Days On Market: 84๐Ÿ“‰
Median Listing Price: $412,000๐Ÿ“ˆ
Median Price per SQFT: $221๐Ÿ“‰

Balanced Market

More inventory + homes taking longer to sell = buyers gaining a little more leverage

KNOX COUNTY

Active Listings: 1,848๐Ÿ“ˆ
New Listings Last Month: 897๐Ÿ“ˆ
Median Days On Market: 39๐Ÿ“‰
Median Listing Price: $399,400๐Ÿ“‰Median Price per SQFT: $227๐Ÿ“ˆ

Balanced Market

Inventory rising + prices softening, but homes are still selling fairly quickly = neither side has a strong advantage

BLOUNT COUNTY

Active Listings: 681๐Ÿ“ˆ
New Listings Last Month: 276๐Ÿ“ˆ
Median Days On Market: 56
Median Listing Price: $459,900๐Ÿ“ˆ
Median Price per SQFT: $251๐Ÿ“ˆ

Balanced Market

Inventory rising + homes taking longer to sell = buyers gaining a little more negotiating power

LOUDON COUNTY

Active Listings: 545๐Ÿ“ˆ
New Listings Last Month: 200๐Ÿ“ˆ
Median Days On Market: 56๐Ÿ“‰
Median Listing Price: $668,000๐Ÿ“ˆ
Median Price per SQFT: $265๐Ÿ“ˆ

Sellerโ€™s Advantage

Higher prices + growing inventory, but homes are still selling fast = sellers still hold the edge

Meet Corey, our passionate and knowledgeable in-house mortgage officer. Heโ€™s here for all of your mortgage questions!

What to Know About Tennessee Reappraisal and Tax Rates in the Upper Cumberland

If you live in the Upper Cumberland, you may have received property reappraisal notice. This is an important part of the Tennessee housing market, and it can affect your property value and tax bill. Understanding how it works can help you feel prepared.

What Is a Reappraisal?

In Tennessee, counties complete a reappraisal every few years to update property values. This process reflects current market conditions, including home prices, demand, and growth in the area.

With the Upper Cumberland housing market seeing steady activity, many homeowners may notice their property values increase. This does not mean your taxes will automatically go up, but. . .

Are you in search of a property in Middle or East Tennessee with over 5 acres of land or a budget of under $400k? Look no further! We have meticulously curated lists that are updated daily, making the process of finding your dream home even easier.

UNRESTRICTED LAND

HOMES WITH OVER 5 ACRES

HOMES UNDER $400k

HOMES UNDER $650K

Here are properties that have recently dropped in price in Tennessee. We update this list DAILY to keep you informed.

๐ŸŽ‰ Donโ€™t Miss These Upcoming Upper Cumberland Events

๐ŸŽค Donโ€™t Miss These East TN Events