New construction · By price band · Fri, Oct 30 · No. 7
One hundred eighty-four new-construction homes ask $800k+, the busiest price band
6 asking-price bands hold a new build · 184 homes in the busiest · median 69 days listed.
Among the new-construction listings in East Tennessee that show an asking price, one hundred eighty-four fall in the $800k+ band, more than in any other. That is 21% of the 863 priced homes.
The bands run in steps from under $300,000 to $800,000 and up, and a home goes in the band its asking price falls in. A listing with no asking price is not counted in any band.
Asking prices among the $800k+ homes run from $800,000 to $8,500,000, and the median asking price is $1,149,500. That median is $649,500 above the $500,000 median for every new-construction listing on the market. The median listing has been on the market 69 days, from one that arrived Oct 29 to one listed since Sep 24.
They are spread over twenty-four cities: Knoxville leads with seventy-two, Lenoir City has twenty-five and Loudon has twenty-one.
The table shows every band that holds a new build, and each row opens the homes in it. Asking prices are those of active listings, never sale prices, and a median needs three priced homes or it is left out. The newest twenty-four of the 184 homes are shown below, and the search on the main page looks through all of them. Each address opens that home's own page.
Asking-price bands
| Price band | Homes | Share | Median asking |
|---|---|---|---|
| Under $300k | 87 | 10% | $279,000 |
| $300–400k | 181 | 21% | $353,900 |
| $400–500k | 160 | 19% | $450,000 |
| $500–650k | 136 | 16% | $577,053 |
| $650–800k | 115 | 13% | $734,500 |
| $800k+ | 184 | 21% | $1,149,500 |