$1,532 Closing Credit*
$129,000
588 SqFt
1 Bed
•1 Full Bath
Listing Office: eXp Realty, LLC
Is 37722, 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, 37722 was a Seller's Market.
Key Takeaway
37722 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37722, TN
How much do homes in 37722, TN cost?
Median Sold Price
$260,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-13.3%)
Key Takeaway
Homes in 37722 have sold for 13.3% less than they did a year ago.
Summary: The median home sold price in 37722 was $260,000 in October 2024, down 13.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $156K | -55.4% |
| 2 Bedrooms | $270K | $320K | +18.5% |
| 3 Bedrooms | $315K | $349.9K | +11.1% |
| 4 Bedrooms | $220K | $306K | +39.1% |
| 5+ Bedrooms | - | $441.7K | N/A |
Summary: 37722 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes did not change.
Housing Supply in 37722, TN
How many homes are available in 37722, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The 37722 real estate market had 34 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37722 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 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 37722, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 37722 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 37722, TN
How long does it take to sell a home in 37722, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 127 Days | 20 Days | -83.9% |
Summary: Homes in 37722 had an average of 20 days on market in Oct 2024, down by 83.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37722 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 37722; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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. 
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© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.