$7,826 Closing Credit*
$659,000
2,544 SqFt
4 Beds
•2 Full Baths
Listing Office: Realty Executives Associates
Is 37938, 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, 37938 has remained a Seller's Market.
Key Takeaway
37938 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37938, TN
How much do homes in 37938, TN cost?
Median Sold Price
$385,666
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,700(+4.2%)
Key Takeaway
Homes in 37938 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 37938 was $385,666 in October 2024, up 4.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.9K | $264.9K | +8.2% |
| 3 Bedrooms | $350K | $359K | +2.6% |
| 4 Bedrooms | $470K | $486.5K | +3.5% |
| 5+ Bedrooms | $490.9K | $550K | +12.0% |
Summary: 37938 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 8.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 12%.
Housing Supply in 37938, TN
How many homes are available in 37938, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 73 | -18.9% |
Summary: The 37938 real estate market had 73 homes for sale in October 2024, a 18.9% decrease 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 | 14 | 11 | -21.4% |
| 3 Bedrooms | 44 | 32 | -27.3% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 37938 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 21.4%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37938, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 37938 in October 2024, down by 23.1% month-over-month. Of the 20 sold homes, 45% were sold under asking, 45% were sold at asking, and 10% were sold over asking.
Days on Market for 37938, TN
How long does it take to sell a home in 37938, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +47.3% |
Summary: Homes in 37938 had an average of 31 days on market in Oct 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37938 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 37938; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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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