$7,124 Closing Credit*
$599,900
1,925 SqFt
4 Beds
•2 Full Baths, 1 Partial
Christy Frewin, M.A.Ed., SRES, E-PRO, MRP, ABR, Listing Office: Vastland Realty Group, LLC
Is 37087, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37087 was a Seller's Market.
Key Takeaway
37087 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37087, TN
How much do homes in 37087, TN cost?
Median Sold Price
$416,142
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,435(+8.2%)
Key Takeaway
Homes in 37087 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 37087 was $416,142 in October 2024, up 8.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155.1K | N/A |
| 2 Bedrooms | $254.9K | $278.4K | +9.2% |
| 3 Bedrooms | $345.7K | $369.9K | +7.0% |
| 4 Bedrooms | $489.9K | $479.9K | -2.0% |
| 5+ Bedrooms | $517.8K | $520K | 0.4% |
Summary: 37087 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 37087, TN
How many homes are available in 37087, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 405 | 435 | +7.4% |
Summary: The 37087 real estate market had 435 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 216 | 208 | -3.7% |
| 4 Bedrooms | 135 | 163 | +20.7% |
| 5+ Bedrooms | 33 | 40 | +21.2% |
Summary: The 37087 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 increased by 15.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 72 | +7.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37087, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 37087 in October 2024, up by 7.5% month-over-month. Of the 71 sold homes, 61% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 37087, TN
How long does it take to sell a home in 37087, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +52.8% |
Summary: Homes in 37087 had an average of 33 days on market in Oct 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37087 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 72 homes were sold in 37087; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.