$3,561 Closing Credit*
$299,900
1,791 SqFt
4 Beds
•2 Full Baths
#9974056, Luke Siele, Listing Office: Summit Properties
Is 37641, 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, 37641 was a Neutral Market.
Key Takeaway
37641 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37641, TN
How much do homes in 37641, TN cost?
Median Sold Price
$270,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,050(+3.5%)
Key Takeaway
Homes in 37641 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 37641 was $270,000 in November 2024, up 3.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277K | $209K | -24.5% |
| 2 Bedrooms | $174.9K | $185K | +5.8% |
| 3 Bedrooms | $269.9K | $280K | +3.7% |
| 4 Bedrooms | $400.5K | $284.7K | -28.9% |
| 5+ Bedrooms | $475K | $1.4M | +203.5% |
Summary: 37641 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes increased by 203.5%.
Housing Supply in 37641, TN
How many homes are available in 37641, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Summary: The 37641 real estate market had 31 homes for sale in November 2024, a 13.9% 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 | 6 | -14.3% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37641 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 14.3%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37641 in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 118 Days | 85 Days | -28.1% |
Summary: Homes in 37641 had an average of 85 days on market in Nov 2024, down by 28.1% 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 November 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.