$3,086 Closing Credit*
$259,900
1,568 SqFt
3 Beds
•2 Full Baths
Listing Office: New Creation Real Estate
Is 37641, 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, 37641 has remained a Neutral Market.
Key Takeaway
37641 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 37641, TN
How much do homes in 37641, TN cost?
Median Sold Price
$270,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100(0.0%)
Key Takeaway
The sold price of homes in 37641 has remained the same since last year.
Summary: The median home sold price in 37641 was $270,000 in October 2024, the same as last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $209K | -29.2% |
| 2 Bedrooms | $192.4K | $177K | -8.0% |
| 3 Bedrooms | $251K | $275K | +9.6% |
| 4 Bedrooms | $361.2K | $284.7K | -21.2% |
| 5+ Bedrooms | $462.5K | $1.4M | +211.7% |
Summary: 37641 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 211.7%.
Housing Supply in 37641, TN
How many homes are available in 37641, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 37 | -17.8% |
Summary: The 37641 real estate market had 37 homes for sale in October 2024, a 17.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 31 | 22 | -29.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 37641 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 29%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 6 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37641, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37641 in October 2024, down by 66.7% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 37641, TN
How long does it take to sell a home in 37641, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 63 Days | +35.0% |
Summary: Homes in 37641 had an average of 63 days on market in Oct 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37641 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 37641; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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.