Is 37645, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37645 has remained a Seller's Market.
Key Takeaway
37645 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37645, TN
How much do homes in 37645, TN cost?
Median Sold Price
$247,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37645 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 37645 was $247,000 in April 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $117.5K | +67.9% |
| 2 Bedrooms | $139.5K | $155K | +11.1% |
| 3 Bedrooms | $253K | $245K | -3.2% |
| 4 Bedrooms | $280K | $342.5K | +22.3% |
| 5+ Bedrooms | $410K | $370K | -9.8% |
Summary: 37645 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 9.8%.
Housing Supply in 37645, TN
How many homes are available in 37645, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The 37645 real estate market had 15 homes for sale in April 2024, a 6.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37645 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37645, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37645 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 37645, TN
How long does it take to sell a home in 37645, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 128 Days | +79.5% |
Summary: Homes in 37645 had an average of 128 days on market in Apr 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37645 has remained consistent over time.
Summary: During April 2024, 4 homes were sold in 37645; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.