Market Type
Buyer's Market | Neutral Market | Seller's Market
Farragut has 13 months of inventory, which is considered a Buyer’s Market.
Months of inventory is a simple way to measure the heat of a market in terms of supply vs. demand.
To calculate it, divide the total available listings last month by the number of listings sold in that month.
- 6 months of inventory is considered a neutral market.
- Less favors sellers.
- More favors buyers.
Key Market Statistics
- $743k — Median List Price
- $879k — Median Sold Price
- 98% — Median Sold/List %
- 142 — Average Days on Market
Median Home Prices
| Month | Median List Price | Median Sold Price |
| Dec 2024 | $754,000 | $650,000 |
| Jan 2025 | $749,900 | $679,000 |
| Feb 2025 | $749,900 | $255,000 |
| Mar 2025 | $749,900 | $680,000 |
| Apr 2025 | $749,900 | $635,990 |
| May 2025 | $731,856 | $628,990 |
| Jun 2025 | $760,943 | $799,900 |
| Jul 2025 | $724,856 | $750,000 |
| Aug 2025 | $749,000 | $631,490 |
| Sep 2025 | $743,000 | $879,000 |
