$3,669 Closing Credit*
$309,000
1,484 SqFt
3 Beds
•1 Full Bath
Listing Office: Rocky Top Realty
Is 37716, 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, 37716 has remained a Seller's Market.
Key Takeaway
37716 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37716, TN
How much do homes in 37716, TN cost?
Median Sold Price
$329,933
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,933(+17.4%)
Key Takeaway
Homes in 37716 have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in 37716 was $329,933 in October 2024, up 17.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269K | - | N/A |
| 2 Bedrooms | $189K | $234K | +23.8% |
| 3 Bedrooms | $290K | $320K | +10.3% |
| 4 Bedrooms | $350K | $399.9K | +14.3% |
| 5+ Bedrooms | $610K | $525K | -13.9% |
Summary: 37716 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 13.9%.
Housing Supply in 37716, TN
How many homes are available in 37716, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 101 | -1.0% |
Summary: The 37716 real estate market had 101 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 57 | 60 | +5.3% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 37716 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 decreased by 20%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37716, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 37716 in October 2024, up by 17.4% month-over-month. Of the 27 sold homes, 48% were sold under asking, 41% were sold at asking, and 11% were sold over asking.
Days on Market for 37716, TN
How long does it take to sell a home in 37716, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 44 Days | +27.4% |
Summary: Homes in 37716 had an average of 44 days on market in Oct 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37716 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 37716; 44% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% 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. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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