$55,000
0.90 Acres
Land
Listing Office: Real Broker
Is 37807, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37807 was a Seller's Market.
Key Takeaway
37807 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37807, TN
How much do homes in 37807, TN cost?
Median Sold Price
$295,000
$192/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 37807 has remained the same since last year.
Summary: The median home sold price in 37807 was $295,000 in November 2024, the same as last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $272.4K | $219.9K | -19.3% |
| 3 Bedrooms | $295K | $299K | +1.4% |
| 4 Bedrooms | $309.5K | $330.6K | +6.8% |
| 5+ Bedrooms | $354K | $315.7K | -10.8% |
Summary: 37807 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in 37807, TN
How many homes are available in 37807, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 43 | -18.9% |
Summary: The 37807 real estate market had 43 homes for sale in November 2024, a 18.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 31 | 25 | -19.4% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 37807 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37807, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 37807 in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 37807, TN
How long does it take to sell a home in 37807, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 38 Days | -53.0% |
Summary: Homes in 37807 had an average of 38 days on market in Nov 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37807 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 37807; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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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