Condos for Sale in Knoxville TN – Real Estate Listings
Are you looking for condos for sale in Knoxville TN? It doesn’t matter if it’s your first time buying or if you’re an experienced real estate investor. Your search for the perfect condo is now easier. There are currently 87 condos up for grab in Knoxville, with prices starting at $399K. Subscribe to email notifications to stay on top of emerging condo listings in Knoxville TN. This way, you never miss your dream home, with all listings coming from reliable sources like Zillow, Inc., represented by local expert Hendrik Van Leesten.
This info is for your personal use, not commercial. It’s aimed to help you spot condos that might interest you. While we strive for accuracy, it’s not always guaranteed. For those eyeing Knoxville TN condos, you have a rich selection. Whether you’re drawn to charming Fountain City, scenic Sequoyah Hills, or the central buzz of downtown, Knoxville’s selection won’t disappoint.
Key Takeaways
- There are currently 87 condos for sale in Knoxville, TN.
- Median listing price for condos is $399K.
- Condos in Knoxville stick around for about 40 days on the market.
- Hot spots for condos include Fountain City, Sequoyah Hills, South Knoxville, East Knoxville, and West Hills.
- New condos are listed every 15 minutes, offering a fresh variety.
Exploring the Knoxville TN Condo Market
The Knoxville, TN condo market is buzzing with activity. It offers condos that are newly listed or pending sale. Currently, there are 85 condos for sale. From April to May 2024, the listings grew by 1.3%. This shows the market is active and welcoming.
Finding the right condo in Knoxville, TN, is made easier with help from real estate experts like CENTURY 21. They can focus your search on areas like 37921, 37912, and 37919. Popular neighborhoods include Fountain City and Sequoyah Hills. The median price for condos here is $366,771. This range fits many budgets and preferences.
Condos spent about 27 days on the market in May 2024. This quick pace shows strong demand. Over 192 listings sold for more than the asking price. And more than 142 listings were sold at the asked price. Such trends highlight the market’s competitive nature. Knoxville’s allure is also spreading to nearby cities, offering more real estate choices.
| Knoxville TN Condo Market Insights | Statistics |
|---|---|
| Number of condos currently for sale | 85 |
| Increase in listings (Apr-May 2024) | 1.3% |
| Average time on the market (May 2024) | 27 days |
| Median list price for condos | $366,771 |
| Condos sold above asking price in May 2024 | 192+ |
| Condos sold at asking price in May 2024 | 142+ |
| Condos sold below asking price in May 2024 | 222+ |
| Total residents in Knoxville, TN | Approx. 187,831 |
| Percentage of home ownership | 51% |
| Percentage of residents with post-secondary degree | 52% |
| Percentage of residents who are single with no kids | 56% |
Working with a professional broker can boost confidence in your condo search. The Knoxville, TN condo market is thriving, with many options available. Whether you’re looking for luxury or something more practical, you’re sure to find it here.
Affordable Condos for Sale in Knoxville
In Knoxville, the condo market is booming. This gives potential buyers a great chance to find a home. The listings offer condos at various prices, fitting everyone’s needs.
Price Ranges and Recent Trends
Condo prices in Knoxville start at $152,500 and can reach up to $299,900. This range means lots of choices for buyers. The quick sales, averaging 40 days on the market, show condos are in high demand.
Popular Neighborhoods for Affordable Condos
Looking for affordable condos in Knoxville? Check out South Knoxville and West Hills. These areas are loved for their value and lifestyle. East Knoxville is also getting attention for its cost-effective homes and nearby attractions.
There is a wide array of condos in Knoxville to suit various budgets. With new affordable units being built, buyers will have even more options soon.
Luxury Condos in Knoxville TN
Knoxville’s luxury condos offer elegance and top amenities. There are 87 luxury condos for sale now in Knoxville, TN. They have a median price of $399,000, showing the demand for luxury in this city.
Last month, 318 homes were sold in Knoxville, with 162 being condos. This shows the real estate market’s activity. The condos are in great locations, close to the city and nature.
Here are the popular areas for luxury condos:
- Fountain City
- Sequoyah Hills
- South Knoxville
- East Knoxville
- West Hills
These neighborhoods offer both exclusivity and convenience. Luxury in Knoxville is not just about the price. It’s also about the location, like Henley St and Union Ave.
About 180,189 people live in the city, and there are 170,272 jobs. Homes here sell fast, usually in 40 days, and often get one offer. This makes the market competitive.
For those looking into luxury condos in Knoxville, TN, you’ll find great amenities and locations in a strong market.
Why Buy a Condo in Knoxville?
Knoxville has a lot going for its real estate market. You can find condos that fit all budgets and styles here. The city is known for the unique perks it offers to condo buyers.
Benefits of Condo Living
Condo living in Knoxville is all about the lifestyle. With less upkeep, you have more time to relax. You’ll find condos with pools, gyms, and places to hang out with neighbors. Prices range from $152,500 to $1,590,000, so there’s something for everyone.
Where you live in Knoxville can suit your style, too. Some condos are in quiet spots, while others are downtown, near all the action. You can choose between the excitement of the city or a more laid-back vibe.
Investment Opportunities
Buying a condo in Knoxville is a smart move. There are 87 condos available, with a median price of $399,000. Last month, 318 homes were sold here, including 162 condos. This shows condos are in demand, meaning they could gain value.
The job scene here is strong, with over 170,000 jobs for a population of around 180,000. Good schools attract families, which boosts condo sales. Also, with a walkability score of 31, many want to live where driving to places is easy.
Condos here offer different sizes and cool features like high ceilings and access to gated communities. Knoxville’s great outdoors and food scene make it even more appealing. Buying a condo here makes sense for now and for the future.
Conclusion
The condo market in Knoxville, TN, is full of options. It suits many tastes and budgets. You can find 87 condos for sale right now. The median price is $399,000. These condos are perfect for those who want a home with less upkeep. They are also good for investors looking for good returns.
Knoxville has many neighborhoods to choose from. Places like Fountain City and Sequoyah Hills are in demand. You can find a condo that fits your needs in these areas.
Last month, 318 homes were sold in Knoxville. This number includes 162 condos. It shows the market is really active. Plus, Knoxville has lots of job opportunities, with about 170,272 jobs available. This makes it an appealing place to live.
Buying a condo here means more than just owning property. Knoxville has great public schools and outdoor activities. There are bike and hiking trails and the Great Smoky Mountains nearby. It’s a place where you can enjoy life.
Homes in Knoxville don’t stay on the market long. On average, they sell in about 40 days. So, if you see something you like, you need to make a move fast. Nearby cities like Powell, Alcoa, and Mascot also offer great options for home buyers.
Whether you’re looking for a simple 1 bed/1 bath in downtown or a bigger 3 bed/3.5 bath in the suburbs, Knoxville has it. Buying a condo in Knoxville is a smart choice. It promises financial growth and a better lifestyle in a lively city.
