Real Estate in Knoxville | Knoxville Homes For Sale
Buying and selling real estate is a tricky business. There are about a million factors that come into play when pricing a house to sell, when working out a purchase contract with a seller, or when considering which Knoxville, Tennessee property would be best for you. That's why we, the real estate agents of Knoxville, TN, have created this website. We wanted you, the real estate customer, to have somewhere to turn when you had questions about buying, selling, or just living in Knoxville. So we compiled this database of professional advice and pertinent information. We hope you find it helpful while you're doing your preliminary research on Knoxville and its market.
Knoxville, Tennessee: The State's First Capital
Founded in 1786, Knoxville became the first state capitol of Tennessee after its admission into the union ten years later. It was later ousted by Murfreesboro and then Nashville, but the honor of the first had already been conveyed. While early Knoxville, TN was attractive to settlers because of its dominance over the other cities, today people come to Knoxville to enjoy the sweeping views of the Great Smokey Mountains and the riverfront property along the French Broad and Holston Rivers. It is currently home to over 183,000 people.
The mining of pink marble and textiles were two of Knoxville, Tennessee's historically dominant industries. Today, however, education and research are the economic sectors that provide the most opportunity. The city is home to the main campus of the University of Tennessee, which does a lot of technology research, Fountainhead College, and branch campuses of Strayer University and Lincoln Memorial. The Oak Ridge Laboratory, run by the US Department of Energy, is also located nearby and has helped Knoxville earn a ranking as one of the top ten metropolitan hot spots.
When not hard at work developing new technologies, Knoxville, TN residents enjoy a night on the town at one of the many restaurants and pubs that feature live rock n'roll, country, or bluegrass music. Tourists love to visit the Dollywood amusement park and the 1982 World's Fair Grounds with its striking gold Sunsphere building. Residents and visitors both make use of the extensive parkland in and around Knoxville, TN, including the Great Smokey Mountains National Park, Knoxville Zoological Park, mountain bike trails, dams, lakes, rivers, and several sets of caves.
The Knoxville, TN Real Estate Market
Though it has taken a hit in the last few years, like everywhere else in America, Knoxville, Tennessee's housing market is already starting to get back on its feet. Buyers still have an advantage at present, but it won't be long until sellers close the gap. The average listing price for Knoxville is around $274,000 while the median sales price is closer to $136,000, which is close to the average housing value for two years ago, before the recession began. With a cost of living 18 points below the national average, this places a Knoxville home within the means of a lot of Americans.
The types of homes you might find in Knoxville, Tennessee are varied. Modern suburban single family homes with yards are the most popular form of housing in America, and you'll find a lot to choose from here. If these are too homogenous for your taste, Knoxville's compliment of historic homes draw their inspiration from the Victorian, Italianate, Gothic, and Queen Anne architectural styles. You'll also find a variety of apartment and condo complexes in the more densely populated neighborhoods.
The neighborhoods that are popular right now include Sequoyah Hills, which is one of the most expensive in the city, the Old City historic district, which is home to an eclectic collection of shops, restaurants, and people, and Fountain City, which has been voted one of the best suburban communities in America. Prices on the popular neighborhoods list range from $434,000 (downtown) to $59,000 (Western Heights).
Contact a Knoxville, TN Real Estate Agent
If you've found our webpage useful during your research as you prepare to enter the Knoxville, Tennessee housing market, you may want to consider enlisting the aid of its owners as you go forward. As real estate agents, we can help buyers find and purchase the right house for the right price, we can also help sellers find buyers who will appreciate the full value of your home, and we can provide prospective customers with any additional information on Knoxville that they may need. So what are you waiting for? Contact us today and you'll be one step closer to achieving your goals.
