$950,000
93.81 Acres
Land
#9974334, Ryan & Sarah McKinney, Listing Office: KW Johnson City
Is 37618, 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, 37618 was a Buyer's Market.
Key Takeaway
37618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37618, TN
How much do homes in 37618, TN cost?
Median Sold Price
$289,900
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,950(+11.5%)
Key Takeaway
Homes in 37618 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 37618 was $289,900 in November 2024, up 11.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $127.5K | +10.9% |
| 2 Bedrooms | $185.5K | $175K | -5.7% |
| 3 Bedrooms | $270K | $305K | +13.0% |
| 4 Bedrooms | $408K | $399.6K | -2.0% |
| 5+ Bedrooms | $442.5K | $486.5K | +9.9% |
Summary: 37618 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 37618, TN
How many homes are available in 37618, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 56 | -9.7% |
Summary: The 37618 real estate market had 56 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The 37618 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37618, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 37618 in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 37618, TN
How long does it take to sell a home in 37618, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 62 Days | +53.4% |
Summary: Homes in 37618 had an average of 62 days on market in Nov 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37618 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 37618; 10% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 20% 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.