$28,500
0.51 Acres
Land
#9973400, Brett Schreiber, Listing Office: KW Johnson City
Is 37711, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37711 was a Seller's Market.
Key Takeaway
37711 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 37711, TN
How much do homes in 37711, TN cost?
Median Sold Price
$235,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,750(+4.8%)
Key Takeaway
Homes in 37711 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 37711 was $235,000 in October 2024, up 4.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $219.5K | +357.3% |
| 2 Bedrooms | $49.9K | $154.5K | +209.6% |
| 3 Bedrooms | $225K | $275K | +22.2% |
| 4 Bedrooms | $293.4K | $151.9K | -48.2% |
| 5+ Bedrooms | $265K | - | N/A |
Summary: 37711 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 357.3%, 2 bedroom homes increased by 209.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 48.2%, and 5+ bedroom homes did not change.
Housing Supply in 37711, TN
How many homes are available in 37711, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The 37711 real estate market had 20 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37711 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37711, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 37711 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 37711, TN
How long does it take to sell a home in 37711, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 86 Days | +106.3% |
Summary: Homes in 37711 had an average of 86 days on market in Oct 2024, up by 106.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37711 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 37711; 0% of homes were sold within 30 days, 67% 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.