$4,545 Closing Credit*
$382,715
1,618 SqFt
3 Beds
•2 Full Baths
Christy Bussey, Listing Office: D.R. Horton
Is 37087, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 37087 has remained a Seller's Market.
Key Takeaway
37087 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37087, TN
How much do homes in 37087, TN cost?
Median Sold Price
$416,079
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,446(+7.9%)
Key Takeaway
Homes in 37087 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 37087 was $416,079 in November 2024, up 7.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155.1K | N/A |
| 2 Bedrooms | $252.4K | $279K | +10.5% |
| 3 Bedrooms | $349.3K | $366.5K | +4.9% |
| 4 Bedrooms | $495K | $473K | -4.4% |
| 5+ Bedrooms | $510K | $480K | -5.9% |
Summary: 37087 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 37087, TN
How many homes are available in 37087, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 429 | 472 | +10.0% |
Summary: The 37087 real estate market had 472 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 26 | +30.0% |
| 3 Bedrooms | 212 | 219 | +3.3% |
| 4 Bedrooms | 155 | 169 | +9.0% |
| 5+ Bedrooms | 40 | 56 | +40.0% |
Summary: The 37087 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 90 | +13.9% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37087, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in 37087 in November 2024, up by 13.9% month-over-month. Of the 88 sold homes, 55% were sold under asking, 30% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -28.1% |
Summary: Homes in 37087 had an average of 21 days on market in Nov 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 90 homes were sold in 37087; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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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.