$3,551 Closing Credit*
$299,000
1,008 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Wallace
Is 37934, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 37934 has remained a Seller's Market.
Key Takeaway
37934 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37934, TN
How much do homes in 37934, TN cost?
Median Sold Price
$670,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,168(+7.7%)
Key Takeaway
Homes in 37934 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 37934 was $670,000 in November 2024, up 7.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | - | N/A |
| 2 Bedrooms | $345K | $344.9K | 0% |
| 3 Bedrooms | $443.9K | $490K | +10.4% |
| 4 Bedrooms | $676K | $725K | +7.2% |
| 5+ Bedrooms | $862.5K | $900K | +4.3% |
Summary: 37934 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 did not change, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 37934, TN
How many homes are available in 37934, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 147 | 130 | -11.6% |
Summary: The 37934 real estate market had 130 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 77 | 64 | -16.9% |
| 5+ Bedrooms | 34 | 30 | -11.8% |
Summary: The 37934 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37934, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 37934 in November 2024, down by 18.2% month-over-month. Of the 27 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 37934, TN
How long does it take to sell a home in 37934, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 37 Days | +51.4% |
Summary: Homes in 37934 had an average of 37 days on market in Nov 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37934 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 37934; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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.