$3,680 Closing Credit*
$309,900
1,500 SqFt
3 Beds
•2 Full Baths
Listing Office: Maddox Property Sales
Is 37820, 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, 37820 has remained a Seller's Market.
Key Takeaway
37820 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37820, TN
How much do homes in 37820, TN cost?
Median Sold Price
$400,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,000(+42.9%)
Key Takeaway
Homes in 37820 have sold for 42.9% more than they did a year ago.
Summary: The median home sold price in 37820 was $400,000 in October 2024, up 42.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158.5K | $235K | +48.3% |
| 3 Bedrooms | $315K | $375K | +19.0% |
| 4 Bedrooms | $495.2K | $485K | -2.1% |
| 5+ Bedrooms | $915K | - | N/A |
Summary: 37820 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.3%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.
Housing Supply in 37820, TN
How many homes are available in 37820, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The 37820 real estate market had 27 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37820 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37820, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 37820 in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 37820, TN
How long does it take to sell a home in 37820, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 73 Days | +834.0% |
Summary: Homes in 37820 had an average of 73 days on market in Oct 2024, up by 834% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37820 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 37820; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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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