$3,205 Closing Credit*
$269,900
1,092 SqFt
2 Beds
•1 Full Bath
Listing Office: Realty One Group Experts
Is 37404, 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, 37404 was a Seller's Market.
Key Takeaway
37404 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 37404, TN
How much do homes in 37404, TN cost?
Median Sold Price
$305,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+5.2%)
Key Takeaway
Homes in 37404 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 37404 was $305,000 in November 2024, up 5.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $269K | N/A |
| 2 Bedrooms | $147.9K | $258K | +74.4% |
| 3 Bedrooms | $278K | $328.8K | +18.3% |
| 4 Bedrooms | $385K | $458.6K | +19.1% |
| 5+ Bedrooms | $365K | $387K | +6.0% |
Summary: 37404 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 74.4%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in 37404, TN
How many homes are available in 37404, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 100 | +4.2% |
Summary: The 37404 real estate market had 100 homes for sale in November 2024, a 4.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 50 | 54 | +8.0% |
| 4 Bedrooms | 22 | 16 | -27.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 37404 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37404, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 37404 in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 37404, TN
How long does it take to sell a home in 37404, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 42 Days | +35.1% |
Summary: Homes in 37404 had an average of 42 days on market in Nov 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37404 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 37404; 25% of homes were sold within 30 days, 13% 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.