$9,488 Closing Credit*
$799,000
1,700 SqFt
2 Beds
•2 Full Baths
Listing Office: ResultsMLS.com
Is 37862, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37862 was a Seller's Market.
Key Takeaway
37862 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37862, TN
How much do homes in 37862, TN cost?
Median Sold Price
$567,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,083(+1.3%)
Key Takeaway
Homes in 37862 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 37862 was $567,000 in October 2024, up 1.3% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $467.5K | +8.7% |
| 2 Bedrooms | $500K | $487K | -2.6% |
| 3 Bedrooms | $534.9K | $560K | +4.7% |
| 4 Bedrooms | $1.0M | $1.0M | -4.1% |
| 5+ Bedrooms | $1.2M | $1.1M | -3.7% |
Summary: 37862 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 37862, TN
How many homes are available in 37862, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 269 | 302 | +12.3% |
Summary: The 37862 real estate market had 302 homes for sale in October 2024, a 12.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 19 | +11.8% |
| 2 Bedrooms | 76 | 89 | +17.1% |
| 3 Bedrooms | 97 | 104 | +7.2% |
| 4 Bedrooms | 40 | 51 | +27.5% |
| 5+ Bedrooms | 39 | 39 | 0.0% |
Summary: The 37862 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37862, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 37862 in October 2024, the same as the previous month. Of the 17 sold homes, 82% were sold under asking, 12% were sold at asking, and 6% were sold over asking.
Days on Market for 37862, TN
How long does it take to sell a home in 37862, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 69 Days | -5.9% |
Summary: Homes in 37862 had an average of 69 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37862 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 37862; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% 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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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®.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.