Is 37932, 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, 37932 has remained a Seller's Market.
Key Takeaway
37932 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37932, TN
How much do homes in 37932, TN cost?
Median Sold Price
$517,808
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 37932 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 37932 was $517,808 in May 2024, down 1.4% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.7M | $295K | -83.1% |
| 2 Bedrooms | $248K | $278.8K | +12.4% |
| 3 Bedrooms | $450K | $425K | -5.6% |
| 4 Bedrooms | $578.4K | $584.9K | +1.1% |
| 5+ Bedrooms | $677.4K | $690.5K | +1.9% |
Summary: 37932 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.1%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 37932, TN
How many homes are available in 37932, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 169 | 150 | -11.2% |
Summary: The 37932 real estate market had 150 homes for sale in May 2024, a 11.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 57 | 47 | -17.5% |
| 4 Bedrooms | 77 | 69 | -10.4% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 37932 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 45 | -10.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37932, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in 37932 in May 2024, down by 10.0% month-over-month. Of the 45 sold homes, 29% were sold under asking, 31% were sold at asking, and 40% were sold over asking.
Days on Market for 37932, TN
How long does it take to sell a home in 37932, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 30 Days | -47.9% |
Summary: Homes in 37932 had an average of 30 days on market in May 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37932 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in 37932; 82% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% 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.