The Oak Ridge housing market is somewhat competitive. The median sale price of a home in Oak Ridge was $375K last month, up 3.0% since last year. The median sale price per square foot in Oak Ridge is $189, up 13.5% since last year.
What is the housing market like in Oak Ridge today?
In October 2024, Oak Ridge home prices were up 3.0% compared to last year, selling for a median price of $375K. On average, homes in Oak Ridge sell after 76 days on the market compared to 38 days last year. There were 57 homes sold in October this year, up from 50 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$375,000
+3.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Oak Ridge, TN
$375,000
+3.0%
United States
To compare other locations to the Oak Ridge and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Oak Ridge's median sale price is 11% lower than the national average. Overall cost of living in Oak Ridge is 13% lower than the national average. Learn which home features in Oak Ridge add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Oak Ridge
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Oak Ridge housing market?
Oak Ridge is somewhat competitive. Homes sell in 61.5 days.
0
100
49
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 62 days.
Hot homes
can sell for about 1% above list price and go pending in around 32 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Oak Ridge
Explore recent offers and recently sold homes in Oak Ridge
Recent offers
Offer Not Accepted|
7 Weeks Ago
~$400K Offer
Sold for $400K
4bd | 3ba | ~2,250sqft
Under List Price
7%
Days on Market
91
Competing Offers
—
Down Payment
—
Andrea Wall
Oak Ridge Redfin Agent
The listing agent told us that the request for closing costs did not work for her seller and accepted another offer. …
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Oak Ridge housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Oak Ridge.
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Oak Ridge has a moderate risk of flooding. 1,595 properties in Oak Ridge are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Oak Ridge. Flood risk is increasing slower than the national average.
95% of properties are at risk of wildfire over the next 30 years
Fire Factor
Oak Ridge has a moderate risk of wildfire. There are 13,250 properties in Oak Ridge that have some risk of being affected by wildfire over the next 30 years. This represents 95% of all properties in Oak Ridge.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Oak Ridge has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Oak Ridge is most at risk from hurricanes. 13,818 properties in Oak Ridge have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 52 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 60 mph.