The statistics below reflect the numbers for single-family homes in Knoxville, Tennessee.
[market_stats _fs_blog_admin=”true” title=”Knoxville Real Estate Inventory Report” width=”740″ height=”370″ type=”inventory” display=”ActiveListings,NewListings,PendedListings,SoldListings” property_type=”A” location=”City=Knoxville&Knoxville”]
[market_stats _fs_blog_admin=”true” title=”Knoxville Average and Median Price Report” width=”740″ height=”370″ type=”price” display=”ActiveAverageListPrice,NewAverageListPrice,ActiveMedianListPrice,NewMedianListPrice” property_type=”A” location=”City=Knoxville&Knoxville”]
What’s the Difference Between Average Sales Price, and Median Sales Price?
In real estate, half of the homes in an area sell above the median price, and half of the homes sell below the median price. So, the middle price.
The average—or “mean”—adds up all the sales prices of the homes sold, and divides by the number of houses sold.
[market_stats _fs_blog_admin=”true” title=”Knoxville Sold Days on the Market” width=”740″ height=”370″ type=”dom” display=”AverageDom” property_type=”A” location=”City=Knoxville&Knoxville”]
Average ADOM means the average number of days the property has been listed with an individual agent before the listing goes from Active to Pending or Sold.
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