$8,301 Closing Credit*
$699,000
2,930 SqFt
3 Beds
•2 Full Baths
#9973680, Frank Marsh, Listing Office: KW Kingsport
Is 37615, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37615 has remained a Seller's Market.
Key Takeaway
37615 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37615, TN
How much do homes in 37615, TN cost?
Median Sold Price
$360,400
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$400(+0.1%)
Key Takeaway
The sold price of homes in 37615 has remained the same since last year.
Summary: The median home sold price in 37615 was $360,400 in October 2024, up 0.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $199.9K | +23.4% |
| 2 Bedrooms | $220K | $220K | 0.0% |
| 3 Bedrooms | $339K | $335K | -1.2% |
| 4 Bedrooms | $460K | $580K | +26.1% |
| 5+ Bedrooms | $740K | $675K | -8.8% |
Summary: 37615 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 8.8%.
Housing Supply in 37615, TN
How many homes are available in 37615, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 116 | -1.7% |
Summary: The 37615 real estate market had 116 homes for sale in October 2024, a 1.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 56 | 54 | -3.6% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 37615 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37615, you may be able to get a good deal. 82.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 37615 in October 2024, down by 25.8% month-over-month. Of the 23 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 37615, TN
How long does it take to sell a home in 37615, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 83 Days | +0.8% |
Summary: Homes in 37615 had an average of 83 days on market in Oct 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37615 has remained consistent over time.
Summary: During October 2024, 23 homes were sold in 37615; 4% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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