$6,472 Closing Credit*
$545,000
3,270 SqFt
4 Beds
•3 Full Baths
Listing Office: Richardson Group KW Cleveland
Is 37312, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37312 was a Seller's Market.
Key Takeaway
37312 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37312, TN
How much do homes in 37312, TN cost?
Median Sold Price
$345,794
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,024(+4.9%)
Key Takeaway
Homes in 37312 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 37312 was $345,794 in November 2024, up 4.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $225K | -2.2% |
| 2 Bedrooms | $245K | $250K | +2.0% |
| 3 Bedrooms | $319.8K | $325.8K | +1.9% |
| 4 Bedrooms | $405K | $410K | +1.2% |
| 5+ Bedrooms | $460K | $577.5K | +25.5% |
Summary: 37312 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in 37312, TN
How many homes are available in 37312, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 330 | 281 | -14.8% |
Summary: The 37312 real estate market had 281 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 84 | 73 | -13.1% |
| 3 Bedrooms | 135 | 121 | -10.4% |
| 4 Bedrooms | 93 | 69 | -25.8% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The 37312 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 decreased by 13.1%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 25.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 34 | -46.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37312, you may be able to get a good deal. 79.4% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 37312 in November 2024, down by 46.9% month-over-month. Of the 34 sold homes, 79% were sold under asking, 12% were sold at asking, and 9% were sold over asking.
Days on Market for 37312, TN
How long does it take to sell a home in 37312, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 57 Days | -19.2% |
Summary: Homes in 37312 had an average of 57 days on market in Nov 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37312 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 37312; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% 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.