Is 37363, 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, 37363 has remained a Seller's Market.
Key Takeaway
37363 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37363, TN
How much do homes in 37363, TN cost?
Median Sold Price
$459,975
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37363 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 37363 was $459,975 in March 2024, up 8.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | - | N/A |
| 2 Bedrooms | $315K | $335K | +6.3% |
| 3 Bedrooms | $371K | $385K | +3.8% |
| 4 Bedrooms | $475K | $500K | +5.3% |
| 5+ Bedrooms | $610K | $635K | +4.1% |
Summary: 37363 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 37363, TN
How many homes are available in 37363, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 256 | 276 | +7.8% |
Summary: The 37363 real estate market had 276 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 107 | 124 | +15.9% |
| 4 Bedrooms | 103 | 101 | -1.9% |
| 5+ Bedrooms | 37 | 42 | +13.5% |
Summary: The 37363 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 remained the same, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 62 | +14.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37363, you may be able to get a good deal. 40.3% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in 37363 in March 2024, up by 14.8% month-over-month. Of the 62 sold homes, 40% were sold under asking, 40% were sold at asking, and 19% were sold over asking.
Days on Market for 37363, TN
How long does it take to sell a home in 37363, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 76 Days | +136.9% |
Summary: Homes in 37363 had an average of 76 days on market in Mar 2024, up by 136.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37363 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 62 homes were sold in 37363; 11% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 5% 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.