$189,000
5.67 Acres
Land
Listing Office: Realty Executives Associates
Is 37705, 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, 37705 was a Seller's Market.
Key Takeaway
37705 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37705, TN
How much do homes in 37705, TN cost?
Median Sold Price
$375,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$70,000(-15.7%)
Key Takeaway
Homes in 37705 have sold for 15.7% less than they did a year ago.
Summary: The median home sold price in 37705 was $375,000 in November 2024, down 15.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.5K | $243.7K | +19.8% |
| 2 Bedrooms | $257.5K | $206K | -20.0% |
| 3 Bedrooms | $450K | $382.5K | -15.0% |
| 4 Bedrooms | $625K | $425.5K | -31.9% |
| 5+ Bedrooms | $1.3M | $2.6M | +95.6% |
Summary: 37705 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes increased by 95.6%.
Housing Supply in 37705, TN
How many homes are available in 37705, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Summary: The 37705 real estate market had 20 homes for sale in November 2024, a 25.9% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 37705 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 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37705, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 37705 in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 37705, TN
How long does it take to sell a home in 37705, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 102 Days | +270.9% |
Summary: Homes in 37705 had an average of 102 days on market in Nov 2024, up by 270.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 37705 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in 37705; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.