$3,325 Closing Credit*
$280,000
1,427 SqFt
3 Beds
•2 Full Baths
Listing Office: East Tennessee Real Estate Professionals
Is 37755, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 37755 was a Seller's Market.
Key Takeaway
37755 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 37755, TN
How much do homes in 37755, TN cost?
Median Sold Price
$225,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$10,000(-4.3%)
Key Takeaway
Homes in 37755 have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in 37755 was $225,000 in December 2024, down 4.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327K | - | N/A |
| 2 Bedrooms | $146K | $218.5K | +49.7% |
| 3 Bedrooms | $260K | $242.5K | -6.7% |
| 4 Bedrooms | $599.9K | $250K | -58.3% |
| 5+ Bedrooms | $125K | - | N/A |
Summary: 37755 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 58.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 37841 | $205K | $275K | +34.1% |
| 37755 | $235K | $225K | -4.3% |
Housing Supply in 37755, TN
How many homes are available in 37755, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 37755 real estate market had 12 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37755 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37755, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 37755 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 37755, TN
How long does it take to sell a home in 37755, TN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 66 Days | 108 Days | +62.0% |
Summary: Homes in 37755 had an average of 108 days on market in Dec 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37755 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 37755; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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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