Is Lenoir City a buyer's or seller's market right now?

Lenoir City is currently a buyer's market with 6.6 months of supply. 10% of homes sell above asking price, and 31.2% go pending within two weeks. The Ridley Sell Score for Lenoir City is 29/100 (Emerging), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lenoir City?

The median home price in Lenoir City is $363,950, down 17.3% year-over-year. The median price per square foot is $210. Homes sell in a median of 68 days with a sale-to-list ratio of 97.1%.

How much does it cost to sell a home in Lenoir City, Tennessee?

On a $363,950 home in Lenoir City, a traditional listing agent charges around $10,919 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $29,116 or more. With Ridley Essentials ($999) you save $9,920, and with Ridley Pro ($3,499) you save $7,420 while getting full agent support.

How does Ridley's flat fee compare to a traditional Lenoir City agent?

A traditional Lenoir City listing agent typically charges 3% of the sale price — about $10,919 on a $363,950 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $9,920–$7,420 compared to a traditional agent.

How long does it take to sell a home in Lenoir City?

The median home in Lenoir City currently spends 68 days on the market before going under contract. 31.2% of homes go pending within two weeks. At a 97.1% sale-to-list ratio, sellers are seeing some negotiation. Only 10.6% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Tennessee?

No. Tennessee does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $363,950 home, that could save you up to $7,420.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Tennessee. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $10,919 commission.

National/Tennessee

Lenoir City, TN

Is Now a Good Time to Sell in Lenoir City, Tennessee?

The median home in Lenoir City sells for $363,950 with prices down 17.3% year-over-year. The average seller pays $10,919 in commissions — Ridley’s flat fee saves you $7,420.

Lenoir City Real Estate Market Conditions — March 2026

29out of 100

Ridley Sell Score

How it's scored →

Emerging

29/100

A buyer-friendly market — Ridley's flat fee helps you keep more equity.

What this means for sellers

Lenoir City is currently a buyer's market, and sellers should plan accordingly. Expect longer days on market and more price negotiation. The best strategy is to price competitively from day one, invest in presentation, and be open to concessions. Sellers who are patient and realistic about pricing can still close — and Ridley's flat fee means more of the sale price stays in your pocket.

Inventory TightnessFavors buyers

6.6 months of supply — above the 5-month balanced threshold, giving buyers more options. Tennessee average is 5.9.

Price MomentumFavors buyers

Prices down 17.3% year-over-year — vs. -0.3% statewide.

Seller LeverageFavors buyers

Homes selling at 97.1% of asking — buyers are negotiating 2.9% below list. Tennessee average is 97%.

Bidding ActivityFavors buyers

10% of homes selling above list price — 23% below the Tennessee average of 13%.

Sale SpeedNeutral

68 median days on market — 21 days faster than the Tennessee average.

Market UrgencyNeutral

31.2% of listings go pending within 2 weeks — vs. 22.4% statewide.

Price StabilityFavors sellers

Only 10.6% of listings have dropped their price — sellers are holding firm. Tennessee average is 21.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$363,950

-17.3%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$210

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

97.1%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

6.6

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

10%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

10.6%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

31.2%

Moderate pace

12-Month Price Trend

$314,450 → $363,950

▲15.7%

$500K$450K$400K$350K

AprJunAugOctDecFebMar

Data updated March 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Lenoir City — delivered monthly.

Your savings

How much can you save selling your home in Lenoir City?

The average Lenoir City homeowner saves $7,420 by selling with Ridley instead of paying the traditional 3% listing commission on a $363,950 home.

$0Estimated savings

That's 6 months of groceries — save 2.0% of your home value

Your Lenoir City home value

$363,950

$50,000$10M

Traditional Agent (3%)

$10,919

Ridley Pro (flat fee)

$3,499

Ready to sell in Lenoir City?

Get a personalized selling strategy with AI-powered pricing analysis

Get Your Selling Strategy

Cost comparison

How much does it cost to sell a house in Lenoir City?

The total cost to sell a house in Lenoir City in 2026 ranges from $999 with Ridley Essentials to approximately $10,919 with a traditional 3% commission on a $363,950 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$10,919	$3,499	$999	$0
Buyer agent	$10,1912.8% avg	$7,279~2% avg	$7,279~2% avg	$10,1912.8% avg
Closing costs (~1.5%)	$5,459	$5,459	$5,459	$5,459
Total cost	$26,569	$16,237	$13,737	$15,650
Net proceeds	$337,381	$347,713	$350,213	$348,300
You save	—	$7,420	$9,920	$10,919No support