$5,403 Closing Credit*
$455,000
1,573 SqFt
2 Beds
•1 Full Bath
Listing Office: Realty Executives Associates
Is 37803, 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, 37803 has remained a Seller's Market.
Key Takeaway
37803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37803, TN
How much do homes in 37803, TN cost?
Median Sold Price
$416,147
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,034(+10.1%)
Key Takeaway
Homes in 37803 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 37803 was $416,147 in October 2024, up 10.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $355K | +12.7% |
| 2 Bedrooms | $280K | $265K | -5.4% |
| 3 Bedrooms | $360K | $399.3K | +10.9% |
| 4 Bedrooms | $488K | $555K | +13.7% |
| 5+ Bedrooms | $652.5K | $723.6K | +10.9% |
Summary: 37803 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in 37803, TN
How many homes are available in 37803, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 178 | 187 | +5.1% |
Summary: The 37803 real estate market had 187 homes for sale in October 2024, a 5.1% increase 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 | 13 | 14 | +7.7% |
| 3 Bedrooms | 105 | 105 | 0.0% |
| 4 Bedrooms | 43 | 51 | +18.6% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 37803 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 increased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 42 | +40.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37803, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 37803 in October 2024, up by 40.0% month-over-month. Of the 41 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% were sold over asking.
Days on Market for 37803, TN
How long does it take to sell a home in 37803, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +41.1% |
Summary: Homes in 37803 had an average of 26 days on market in Oct 2024, up by 41.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37803 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in 37803; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% 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.
© 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®.