$4,750 Closing Credit*
$400,000
905 SqFt
1 Bed
•1 Full Bath
Listing Office: Real Estate Partners Chattanooga LLC
Is 37403, 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, 37403 was a Seller's Market.
Key Takeaway
37403 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 37403, TN
How much do homes in 37403, TN cost?
Median Sold Price
$412,450
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$89,550(-17.8%)
Key Takeaway
Homes in 37403 have sold for 17.8% less than they did a year ago.
Summary: The median home sold price in 37403 was $412,450 in October 2024, down 17.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $254.8K | -15.0% |
| 2 Bedrooms | $505K | $462.5K | -8.4% |
| 3 Bedrooms | $403.5K | $395K | -2.1% |
| 4 Bedrooms | $732.9K | $835K | +13.9% |
| 5+ Bedrooms | $700K | $550K | -21.4% |
Summary: 37403 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 21.4%.
Housing Supply in 37403, TN
How many homes are available in 37403, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Summary: The 37403 real estate market had 27 homes for sale in October 2024, a 22.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 37403 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 4 | -76.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37403, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37403 in October 2024, down by 76.5% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 37403, TN
How long does it take to sell a home in 37403, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 108 Days | +953.7% |
Summary: Homes in 37403 had an average of 108 days on market in Oct 2024, up by 953.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 37403 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 37403; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.