Is 37919, 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, 37919 has remained a Seller's Market.
Key Takeaway
37919 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37919, TN
How much do homes in 37919, TN cost?
Median Sold Price
$554,375
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37919 have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in 37919 was $554,375 in April 2024, up 19.3% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $183.8K | +18.6% |
| 2 Bedrooms | $248K | $275K | +10.9% |
| 3 Bedrooms | $430K | $453.5K | +5.5% |
| 4 Bedrooms | $732.5K | $775K | +5.8% |
| 5+ Bedrooms | $1.1M | $1.1M | -5.0% |
Summary: 37919 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 37919, TN
How many homes are available in 37919, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 124 | +18.1% |
Summary: The 37919 real estate market had 124 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 49 | 56 | +14.3% |
| 4 Bedrooms | 30 | 38 | +26.7% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The 37919 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37919, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 37919 in April 2024, up by 45.8% month-over-month. Of the 35 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for 37919, TN
How long does it take to sell a home in 37919, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 35 Days | +75.9% |
Summary: Homes in 37919 had an average of 35 days on market in Apr 2024, up by 75.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37919 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in 37919; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% 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®.