Is 37412, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 37412 has remained a Seller's Market.
Key Takeaway
37412 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37412, TN
How much do homes in 37412, TN cost?
Median Sold Price
$275,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 37412 have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in 37412 was $275,000 in May 2024, up 13.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.1K | - | N/A |
| 2 Bedrooms | $195K | $235.7K | +20.9% |
| 3 Bedrooms | $250K | $269.5K | +7.8% |
| 4 Bedrooms | $358.9K | $347K | -3.3% |
| 5+ Bedrooms | $352.5K | $399.9K | +13.4% |
Summary: 37412 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in 37412, TN
How many homes are available in 37412, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 114 | +18.8% |
Summary: The 37412 real estate market had 114 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 62 | 75 | +21.0% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37412 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 44 | +100.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37412, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 44 homes were sold or pending in 37412 in May 2024, up by 100.0% month-over-month. Of the 44 sold homes, 39% were sold under asking, 41% were sold at asking, and 20% were sold over asking.
Days on Market for 37412, TN
How long does it take to sell a home in 37412, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 18 Days | -35.8% |
Summary: Homes in 37412 had an average of 18 days on market in May 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37412 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in 37412; 18% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% 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.