Is 37203, 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, 37203 was a Seller's Market.
Key Takeaway
37203 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37203, TN
How much do homes in 37203, TN cost?
Median Sold Price
$635,466
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37203 have sold for 13.7% less than they did a year ago.
Summary: The median home sold price in 37203 was $635,466 in April 2024, down 13.7% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | $452K | -16.3% |
| 2 Bedrooms | $919K | $612.2K | -33.4% |
| 3 Bedrooms | $922.5K | $874.9K | -5.2% |
| 4 Bedrooms | $926.1K | $1.0M | +10.2% |
| 5+ Bedrooms | $999K | $932.5K | -6.7% |
Summary: 37203 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes decreased by 33.4%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Zip Codes
| 37212 | $755K | $800K | +6.0% |
| 37203 | $736.2K | $635.4K | -13.7% |
Housing Supply in 37203, TN
How many homes are available in 37203, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 238 | 296 | +24.4% |
Summary: The 37203 real estate market had 296 homes for sale in April 2024, a 24.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 66 | 92 | +39.4% |
| 2 Bedrooms | 90 | 91 | +1.1% |
| 3 Bedrooms | 45 | 64 | +42.2% |
| 4 Bedrooms | 31 | 42 | +35.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 37203 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 42.2%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37203, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 37203 in April 2024, up by 16.1% month-over-month. Of the 36 sold homes, 56% were sold under asking, 39% were sold at asking, and 6% were sold over asking.
Days on Market for 37203, TN
How long does it take to sell a home in 37203, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -4.1% |
Summary: Homes in 37203 had an average of 24 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37203 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in 37203; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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.