$119,900
5.03 Acres
Land
Listing Office: TN Living Realty LLC
Is 37871, 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, 37871 was a Seller's Market.
Key Takeaway
37871 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37871, TN
How much do homes in 37871, TN cost?
Median Sold Price
$400,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+18.5%)
Key Takeaway
Homes in 37871 have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in 37871 was $400,000 in October 2024, up 18.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.1K | $75K | -41.5% |
| 2 Bedrooms | $200K | $272.5K | +36.3% |
| 3 Bedrooms | $278K | $387K | +39.2% |
| 4 Bedrooms | $429K | $443.5K | +3.4% |
| 5+ Bedrooms | $671.3K | $459.9K | -31.5% |
Summary: 37871 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.5%, 2 bedroom homes increased by 36.3%, 3 bedroom homes increased by 39.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 31.5%.
Housing Supply in 37871, TN
How many homes are available in 37871, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 46 | +31.4% |
Summary: The 37871 real estate market had 46 homes for sale in October 2024, a 31.4% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 20 | 29 | +45.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 37871 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 decreased by 20%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
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 37871, 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 37871 in October 2024, down by 16.7% 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 37871, TN
How long does it take to sell a home in 37871, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 45 Days | +117.1% |
Summary: Homes in 37871 had an average of 45 days on market in Oct 2024, up by 117.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37871 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 37871; 60% of homes were sold within 30 days, 20% 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.