37604 Housing Market Report February 2025•Washington County, Tennessee

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Housing Prices in 37604, TN

How much do homes in 37604, TN cost?

Housing Market Conditions

Is 37604, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

37604 is a Seller's Market

Difference Since February 2024

Since last year, 37604 has remained a Seller's Market.

Insight

37604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$298,866$179/SqFt
+$33,866
+12.8%

Based on all homes sold in the last 12 months

Insight

Homes in 37604 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 37604 was $298,866 in February 2025, up 12.8% from last year, and the median price per square foot was $179.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
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
37604
+12.8%
37601
+6.4%
37659
+6.2%

Median Sold Price By Bedrooms

Median Sold 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.
BedsFeb 2024Feb 2025Change YoY
1$155K$180K
+16.1%
2$180K$215K
+19.4%
3$265K$295K
+11.3%
4$397.4K$455K
+14.5%
5$595K$537.5K
-9.7%

Summary: 37604 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +16.1%. The home price for 2 bedroom homes increased by +19.4%. The home price for 3 bedroom homes increased by +11.3%. The home price for 4 bedroom homes increased by +14.5%. The home price for 5 bedroom homes decreased by -9.7%.

Housing supply in 37604, TN

How many homes are available in 37604, 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
118Last MonthFeb 2025
1232 months agoJan 2025
-4.1 %
Change MoMJan – Feb

Summary: The 37604 real estate market had 118 homes for sale in Feb 2025, a 4.1 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
27Last MonthFeb 2025
332 months agoJan 2025
-18.2 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
122
0.0%
23128
-9.7%
35151
0.0%
43432
-5.9%
555
0.0%

Summary: 37604 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -9.7%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -5.9%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 37604, 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 Price6 Homes

At Asking Price5 Homes

Under Asking Price16 Homes

Insight

If you're buying a home in 37604, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 37604 in February 2025, down by 18.2% month-over-month. Of the 27 sold homes, 59% were sold under asking, 19% were sold at asking, and and 22% were sold over asking.

Days on Market for 37604, TN

How long does it take to sell a home in 37604, TN?

Breakdown of Home Sale Times

Under 30 Days8 Homes

30 – 90 Days11 Homes

Over 90 Days8 Homes

Insight

Avg time on Rocket Homes in 37604 has remained consistent over time.

Summary: During February 2025, 27 homes were sold in 37604; 30% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
59 DaysThis YearFeb 2025
59 Days1 year agoFeb 2024
-0.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 37604 had an average listing age of 59 days in Feb 2025, down by 0.4% compared to the previous year.

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Newest Listings in 37604, TN

What homes are available in 37604, TN?

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Nearby markets

Popular Cities with Homes for Sale in Tennessee

MLS Disclaimers and Copyright

Based on information from Tennessee Virginia Regional MLS, East Tennessee REALTORS® MLS, and Stellar MLS for the period 03/01/2023 - 03/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 3/6/2025, 1:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 1:19:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.