$7,030 Closing Credit*
$592,000
2,916 SqFt
4 Beds
•3 Full Baths
#9974351, Sara Banks, Listing Office: Property Executives Johnson City
Is 37617, 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, 37617 was a Seller's Market.
Key Takeaway
37617 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37617, TN
How much do homes in 37617, TN cost?
Median Sold Price
$295,450
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,450(+5.1%)
Key Takeaway
Homes in 37617 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 37617 was $295,450 in November 2024, up 5.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $163.2K | +63.2% |
| 2 Bedrooms | $175K | $202K | +15.4% |
| 3 Bedrooms | $249.9K | $270.9K | +8.4% |
| 4 Bedrooms | $410K | $502K | +22.4% |
| 5+ Bedrooms | $653K | $792.4K | +21.4% |
Summary: 37617 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in 37617, TN
How many homes are available in 37617, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The 37617 real estate market had 43 homes for sale in November 2024, a 8.5% 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 28 | 19 | -32.1% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 37617 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 increased by 28.6%, 3 bedroom homes decreased by 32.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37617, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37617 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 37617, TN
How long does it take to sell a home in 37617, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 71 Days | -16.3% |
Summary: Homes in 37617 had an average of 71 days on market in Nov 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37617 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 37617; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
