37337 Housing Market Report December 2024•Rhea County, Tennessee

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Housing Prices in 37337, TN

How much do homes in 37337, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$299,000$156/SqFt
+$54,100
+22.1%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 37337 has increased by 22.1% since last year.

Summary: The median home list price in 37337 was $299,000 in December 2024, up 22.1% from the previous year, and the median price per square foot was $156.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
37381
+24.3%
37337
+22.1%
37367
+20.5%
38555
+9.5%
37854
+6.4%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$149.9K-
N/A
2$249.9K$339K
+35.7%
3$239K$224.9K
-5.9%
4-$299K
N/A
5$329.9K-
N/A

Summary: 37337 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +35.7%. The home price for 3 bedroom homes decreased by -5.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 37337, TN

How many homes are available in 37337, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
72 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The 37337 real estate market had 7 homes for sale in Dec 2024, the same as Nov 2024

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
222
0.0%
345
+25.0%
410
-100.0%
500
0.0%

Summary: 37337 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 37337, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 37337, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37337 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 37337, TN

How long does it take to sell a home in 37337, TN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in 37337 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 2 homes were sold in 37337; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
97 DaysThis YearDec 2024
40 Days1 year agoDec 2023
+143.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 37337 had an average listing age of 97 days in Dec 2024, up by 143.6% compared to the previous year.

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Newest Listings in 37337, TN

What homes are available in 37337, TN?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from East Tennessee REALTORS® MLS, and River Counties MLS for the period 01/01/2023 - 01/01/2025

IDX 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 Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/23/2025, 9:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information obtained from TNRCAR. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/23/2025, 9:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.