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Oak Ridge

Why you'd want to live in Oak Ridge

Oak Ridge was built under a cloak of secrecy by the United States government during World War II as a major site of the Manhattan Project, the massive wartime effort that produced the world's first atomic weapons. In 1942, the U.S. Army Corps of Engineers bought an estimated 60,000 acres of rural farm land to construct a "temporary" city and three facilities to develop technology that ended the war. After the war, Oak Ridge transitioned from a "temporary" military town into an independent city and became self-governing in 1959 as residents voted overwhelmingly in favor of incorporation under a modified city manager-council form of government. Oak Ridge is located in both Anderson County and Roane County. The City of Oak Ridge is located approximately 22 miles northwest of Knoxville. Oak Ridge borders the Clinch River's navigable waterway for 42 miles along the shores of Watts Bar and Melton Hill Lake. The City is home to Melton Hill Lake that is recognized as the home of the Oak Ridge rowing course. Melton Hill Lake offers 173 miles of shoreline for boating, fishing, and rowing. Melton Lake Greenway, one of Oak Ridge's 12 beautiful greenways, runs along the western shore of Melton Hill Lake for people to enjoy scenic, outdoor activities. Oak Ridge is also home to 16 beautiful parks that are strategically located throughout the City to be within one-half mile of each residential area, and are open year-round from dawn until dusk. Oak Ridge's city school system is consistently ranked among the best public school systems in the nation. The city operates a preschool, four elementary schools enrolling kindergarten through grade 4, two middle schools enrolling grades 5 through 8, and one high school enrolling grades 9 through 12. via knoxvilletennessee.com

Oak Ridge Market Report

$415,576

AVERAGE PRICE OF 196 HOMES

$1,357,666

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$571,302

AVERAGE PRICE OF 53 NEWLY BUILT HOMES

$783,749

AVERAGE PRICE OF 4 HOMES WITH A POOL

$461,850

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $415,576
Avg Bedrooms 2.65 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

2 bedrooms $331,800
3 bedrooms $399,802
4 bedrooms $549,476
5 bedrooms $616,003
Oak Ridge Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 178 184 195 196 185
Average Price $395,425 $398,588 $405,061 $383,866 $377,827
Avg Price Change -0.80% -1.62% +5.52% +1.60% -3.27%
Median Price $361,623 $363,594 $380,320 $369,091 $360,362
Med Price Change -0.55% -4.60% +3.04% +2.42% -2.02%
Avg Bedrooms 2.59 beds 2.61 beds 2.74 beds 2.75 beds 2.8 beds
Avg Bathrooms 2.08 baths 2.13 baths 2.24 baths 2.22 baths 2.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Oak Ridge 125 $456,377 68 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 196 $415,576 86 days
Multi-Million Dollar Homes 3 $1,357,666 60 days
Newly Built Homes 53 $571,302 74 days
Homes with a Pool 4 $783,749 73 days
Reduced Price Homes 10 $461,850 61 days
Luxe Properties | East Tennessee Real Estate
David Rowan
2916 Tazewell Pike suite D
Knoxville, TN 37918
407-493-5950

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2025. All rights reserved. This information is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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