$4,750 Closing Credit*
$400,000
1,450 SqFt
4 Beds
•2 Full Baths, 1 Partial
Wes Postlethwaite, Listing Office: Keller Williams Realty Nashville/Franklin
Is 37207, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 37207 has remained a Seller's Market.
Key Takeaway
37207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37207, TN
How much do homes in 37207, TN cost?
Median Sold Price
$425,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$48,486(+12.9%)
Key Takeaway
Homes in 37207 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 37207 was $425,000 in December 2024, up 12.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308.4K | $299.9K | -2.8% |
| 2 Bedrooms | $369.9K | $390K | +5.4% |
| 3 Bedrooms | $389.4K | $383.8K | -1.4% |
| 4 Bedrooms | $490K | $531.8K | +8.6% |
| 5+ Bedrooms | $493K | $510.8K | +3.6% |
Summary: 37207 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 37207, TN
How many homes are available in 37207, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 332 | 317 | -4.5% |
Summary: The 37207 real estate market had 317 homes for sale in December 2024, a 4.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 34 | 34 | 0.0% |
| 3 Bedrooms | 159 | 149 | -6.3% |
| 4 Bedrooms | 118 | 111 | -5.9% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The 37207 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 55 | -1.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37207, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 37207 in December 2024, down by 1.8% month-over-month. Of the 55 sold homes, 53% were sold under asking, 38% were sold at asking, and 9% were sold over asking.
Days on Market for 37207, TN
How long does it take to sell a home in 37207, TN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 45 Days | +47.7% |
Summary: Homes in 37207 had an average of 45 days on market in Dec 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37207 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 55 homes were sold in 37207; 51% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2025 of the REALTRACS MLS. All rights Reserved. 
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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© 2025 Greater Chattanooga Association of REALTORS®.