Is 37327, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 37327 has remained a Seller's Market.
Key Takeaway
37327 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37327, TN
How much do homes in 37327, TN cost?
Median Sold Price
$273,750
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 37327 has remained the same since last year.
Summary: The median home sold price in 37327 was $273,750 in March 2024, down 0.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $212.5K | +165.6% |
| 2 Bedrooms | $139.9K | $232.5K | +66.2% |
| 3 Bedrooms | $279K | $272.5K | -2.3% |
| 4 Bedrooms | $374.5K | $423.5K | +13.1% |
| 5+ Bedrooms | $825K | $517.5K | -37.3% |
Summary: 37327 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 165.6%, 2 bedroom homes increased by 66.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 37.3%.
Housing Supply in 37327, TN
How many homes are available in 37327, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Summary: The 37327 real estate market had 62 homes for sale in March 2024, a 24.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 25 | 37 | +48.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 37327 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37327, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 37327 in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for 37327, TN
How long does it take to sell a home in 37327, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 191 Days | +460.4% |
Summary: Homes in 37327 had an average of 191 days on market in Mar 2024, up by 460.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 37327 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in 37327; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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.