Is 37683, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37683 was a Buyer's Market.
Key Takeaway
37683 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37683, TN
How much do homes in 37683, TN cost?
Median Sold Price
$227,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37683 have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in 37683 was $227,000 in April 2024, down 9.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $83.5K | -49.4% |
| 2 Bedrooms | $232.9K | $224.9K | -3.5% |
| 3 Bedrooms | $250K | $210K | -16.0% |
| 4 Bedrooms | $289.5K | $355K | +22.6% |
| 5+ Bedrooms | $250K | $650K | +160.0% |
Summary: 37683 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.4%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 160%.
Housing Supply in 37683, TN
How many homes are available in 37683, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The 37683 real estate market had 55 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 37683 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 33.3%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37683, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 37683 in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for 37683, TN
How long does it take to sell a home in 37683, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 110 Days | 100 Days | -9.3% |
Summary: Homes in 37683 had an average of 100 days on market in Apr 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 37683 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 12 homes were sold in 37683; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 42% 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.