Lake County, TN Home Values & Market Trends

The median home price in Lake County, TN is $87,509.76. There were 81 home sales in Lake County, TN over the past 12 months. The median residential Lake County, TN home value for transactions over the previous year is $60,000. The number of current listings in Lake County, TN is 9, and the percentage of properties for sale is 9.00%. The county has 1 foreclosures, 0 bank owned properties, 1 headed for auction, and 9 properties for sale.

Lake County, TN Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Tiptonville

$ 168,785

$ 104/sqft

Wynnburg

$ --

$ --

Ridgely

$ 87,293

$ 69/sqft

Housing Market Summary for Lake County, TN

Mar 2023February 2024Change
Median Listing Price$134.9K$82,056-39.17%
Median Sold Price$84,920$82,056-3.37%
Homes For Sale97-22.22%
Homes Sold4635-23.91%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lake County, TN

Lake County, TN home values range from $6,328 to $974,007. Tiptonville is the priciest city with a median listing home price of $234,900, and Ridgely is most affordable with average house prices of around $154,500.

Foreclosure
There are 3 cities within Lake County, TN; within these cities, the median estimated home value for homes in foreclosure ranges from $206,560 in Ridgely to the lowest value of $206,560 in Ridgely. Foreclosure homes account for 0.00% of properties in Lake County, TN with Ridgely containing 1 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Lake County, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 3 cities within Lake County, TN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lake County, TN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Lake County, TN. There are 3 cities within Lake County, TN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Ridgely has 1 auction properties, the highest number of properties going to auction in a single city in the state of Lake County, TN. Auction homes and other auction properties account for 0.05% of all properties in Lake County, TN. There are 3 cities within Lake County, TN; of those cities, the median estimated home value for homes going to auction ranges from $206,560 in Ridgely to the lowest value of $206,560 in Ridgely.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.46% of residential properties in Lake County, TN with Tiptonville containing 6 homes for sale, the highest number of listed properties in a single city. There are 3 cities within Lake County, TN; homes for sale in those cities, have a range of median values from $395,000 in Tiptonville to the lowest value of $50,637 in Ridgely.
    Sold Homes
    The median value for recently sold homes ranges from $285,500 in Tiptonville to the lowest price of $22,230 in Tiptonville. There are 3 cities within Lake County, TN. Tiptonville has 22 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.74% of properties in Lake County, TN.

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      Guide for Lake County, TN

      Market Reports
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      Market Reports
      Newark Real Estate Market Report, March 2024
      See More Articles
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Market Reports|posted 8 March 2024

      The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.

      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Recently Listed Homes Lake County, TN

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