Is 37857, 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, 37857 has remained a Seller's Market.
Key Takeaway
37857 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37857, TN
How much do homes in 37857, TN cost?
Median Sold Price
$237,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37857 have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in 37857 was $237,500 in April 2024, up 13.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | $304.5K | +351.1% |
| 2 Bedrooms | $141.2K | $184.4K | +30.6% |
| 3 Bedrooms | $227.2K | $237.5K | +4.5% |
| 4 Bedrooms | $240K | $364.4K | +51.9% |
| 5+ Bedrooms | $450K | $365K | -18.9% |
Summary: 37857 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 351.1%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 51.9%, and 5+ bedroom homes decreased by 18.9%.
Housing Supply in 37857, TN
How many homes are available in 37857, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 79 | -2.5% |
Summary: The 37857 real estate market had 79 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 18 | -21.7% |
| 3 Bedrooms | 39 | 46 | +17.9% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 37857 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 decreased by 21.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37857, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 37857 in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for 37857, TN
How long does it take to sell a home in 37857, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 119 Days | 60 Days | -49.5% |
Summary: Homes in 37857 had an average of 60 days on market in Apr 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37857 has remained consistent over time.
Summary: During April 2024, 19 homes were sold in 37857; 26% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 16% 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.
© 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 Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.