$8,842 Closing Credit*
$744,600
1,241 SqFt
2 Beds
•2 Full Baths
Listing Office: Downtown Realty, Inc.
Is 37902, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 37902 was a Buyer's Market.
Key Takeaway
37902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37902, TN
How much do homes in 37902, TN cost?
Median Sold Price
$683,500
$600/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$27,500(-3.9%)
Key Takeaway
Homes in 37902 have sold for 3.9% less than they did a month ago.
Summary: The median home sold price in 37902 was $683,500 in October 2024, down 3.9% from last month, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $420K | N/A |
| 2 Bedrooms | $745K | $683.5K | -8.3% |
| 3 Bedrooms | $711K | $850K | +19.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 37902 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 37902, TN
How many homes are available in 37902, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The 37902 real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 11 | +57.1% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37902 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37902, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 37902 in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 37902, TN
How long does it take to sell a home in 37902, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 64 Days | -27.4% |
Summary: Homes in 37902 had an average of 64 days on market in Oct 2024, down by 27.4% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37902 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 37902; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.