$3,563 Closing Credit*
$300,000
1,374 SqFt
3 Beds
•2 Full Baths
Carla Lavergne, Listing Office: Byers & Harvey Inc.
Is 37042, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37042 has remained a Seller's Market.
Key Takeaway
37042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37042, TN
How much do homes in 37042, TN cost?
Median Sold Price
$293,485
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,485(+4.8%)
Key Takeaway
Homes in 37042 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 37042 was $293,485 in October 2024, up 4.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $185K | +15.6% |
| 2 Bedrooms | $178.7K | $189K | +5.7% |
| 3 Bedrooms | $269.5K | $279.9K | +3.9% |
| 4 Bedrooms | $335K | $349.9K | +4.5% |
| 5+ Bedrooms | $390K | $397.7K | +2.0% |
Summary: 37042 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2%.
Housing Supply in 37042, TN
How many homes are available in 37042, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 708 | 727 | +2.7% |
Summary: The 37042 real estate market had 727 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 467 | 485 | +3.9% |
| 4 Bedrooms | 174 | 171 | -1.7% |
| 5+ Bedrooms | 42 | 49 | +16.7% |
Summary: The 37042 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 147 | +8.9% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37042, expect to pay close to the asking price. 46.9% of homes here sold near the asking price last month.
Summary: A total of 147 homes were sold or pending in 37042 in October 2024, up by 8.9% month-over-month. Of the 147 sold homes, 36% were sold under asking, 47% were sold at asking, and 17% were sold over asking.
Days on Market for 37042, TN
How long does it take to sell a home in 37042, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 34 Days | +32.1% |
Summary: Homes in 37042 had an average of 34 days on market in Oct 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37042 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 147 homes were sold in 37042; 56% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.