$4,691 Closing Credit*
$395,000
2,231 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: United Real Estate Solutions
Is 37806, 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, 37806 has remained a Neutral Market.
Key Takeaway
37806 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 37806, TN
How much do homes in 37806, TN cost?
Median Sold Price
$288,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$41,000(-12.4%)
Key Takeaway
Homes in 37806 have sold for 12.4% less than they did a year ago.
Summary: The median home sold price in 37806 was $288,500 in October 2024, down 12.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $620K | +226.3% |
| 2 Bedrooms | $137.5K | $113K | -17.8% |
| 3 Bedrooms | $250K | $283.7K | +13.5% |
| 4 Bedrooms | $396.5K | $304.5K | -23.2% |
| 5+ Bedrooms | $465K | $334.7K | -28.0% |
Summary: 37806 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 226.3%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes decreased by 28%.
Housing Supply in 37806, TN
How many homes are available in 37806, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The 37806 real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37806 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37806, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 37806 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 37806, TN
How long does it take to sell a home in 37806, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +123.2% |
Summary: Homes in 37806 had an average of 25 days on market in Oct 2024, up by 123.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37806 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 37806; 67% of homes were sold within 30 days, 33% 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.