$2,535 Closing Credit*
$213,500
935 SqFt
2 Beds
•2 Full Baths
#9974448, Maria Kalis, Listing Office: Greater Impact Realty Jonesborough
Is 37601, 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, 37601 has remained a Seller's Market.
Key Takeaway
37601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37601, TN
How much do homes in 37601, TN cost?
Median Sold Price
$259,333
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,833(+6.5%)
Key Takeaway
Homes in 37601 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 37601 was $259,333 in November 2024, up 6.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.3K | $141K | -49.2% |
| 2 Bedrooms | $175K | $182.5K | +4.3% |
| 3 Bedrooms | $237.9K | $266K | +11.8% |
| 4 Bedrooms | $360K | $376.2K | +4.5% |
| 5+ Bedrooms | $381.5K | $675K | +76.9% |
Summary: 37601 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 76.9%.
Housing Supply in 37601, TN
How many homes are available in 37601, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 126 | -8.7% |
Summary: The 37601 real estate market had 126 homes for sale in November 2024, a 8.7% 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 | 38 | 28 | -26.3% |
| 3 Bedrooms | 54 | 63 | +16.7% |
| 4 Bedrooms | 34 | 25 | -26.5% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 37601 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 26.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 34 | -12.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37601, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 37601 in November 2024, down by 12.8% month-over-month. Of the 34 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for 37601, TN
How long does it take to sell a home in 37601, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 60 Days | +6.1% |
Summary: Homes in 37601 had an average of 60 days on market in Nov 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37601 has remained consistent over time.
Summary: During November 2024, 34 homes were sold in 37601; 24% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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