Is 37886, 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, 37886 has remained a Buyer's Market.
Key Takeaway
37886 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37886, TN
How much do homes in 37886, TN cost?
Median Sold Price
$490,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37886 have sold for 37.2% more than they did a year ago.
Summary: The median home sold price in 37886 was $490,500 in March 2024, up 37.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $400K | +66.7% |
| 2 Bedrooms | $280K | $454K | +62.1% |
| 3 Bedrooms | $400K | $625K | +56.3% |
| 4 Bedrooms | $600K | $632.5K | +5.4% |
| 5+ Bedrooms | - | $389K | N/A |
Summary: 37886 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 62.1%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes did not change.
Housing Supply in 37886, TN
How many homes are available in 37886, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The 37886 real estate market had 23 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37886 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37886, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 37886 in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 37886, TN
How long does it take to sell a home in 37886, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 0 Days | 44 Days | +8700.0% |
Summary: Homes in 37886 had an average of 44 days on market in Mar 2024, up by 8700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37886 has remained consistent over time.
Summary: During March 2024, 1 homes were sold in 37886; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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. 
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®.