Sales Price Data
The sales price averages of new and existing homes given below for selected counties are compiled from actual and up-to-date information pertaining to residential, single-family home sales in these counties for calendar year 2007. These data, collected locally, become part of a comprehensive database maintained by the Division of Property Assessment (Comptroller's Office, State of Tennessee). This gives us a unique opportunity to validate the sales price data in comparison to assessed values of both property and improvement. In addition, information in the database enables us to restrict our analysis to actual arm's length transactions.
All files include sales volume and median sales price by county or Metropolitan Statistical Area. Additionally, 2007 Summary by County includes average sales price by county and 2007 Home Sales by MSA includes average sales price by MSA.
For your convenience, files are available as Adobe (.pdf) or Excel (.xls) files.
2007 Home Sales by County (.pdf, .xls)
Existing Home Sales 1998-2007 (.pdf, .xls)
New Home Sales 1998-2007 (.pdf, .xls)
All Home Sales 1998-2007 (.pdf, .xls)
2007 Home Sales by MSA (.pdf, .xls)
A few transactions were excluded from the analysis based on aforementioned validations. Those excluded were characterized by one of the following:
- Very high ratios of sales price to actual assessed value,
- High ratio of land value in the sale price, suggesting a vacant lot or land-based sale, or
- Very low improved property values assessed (<$10,000) indicating probable substandard nature of the dwellings.
In addition to the timeliness of these data, these analytical efforts have enhanced the quality of the statistics given.
Please direct any inquiries about sales price data to Research, Planning and Technical Services.
