37840 Housing Market Report January 2025•Roane County, Tennessee

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Housing Prices in 37840, TN

How much do homes in 37840, TN cost?

Housing Market Conditions

Is 37840, 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

37840 is a Buyer's Market

Difference Since December 2024

Last month, 37840 was a Seller's Market.

Insight

37840 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$279,950$181/SqFt
+$104,730
+59.8%

Based on all homes sold in January 2025

Insight

Homes in 37840 have sold for 59.8% more than they did a month ago.

Summary: The median home sold price in 37840 was $279,950 in January 2025, up 59.8% from last month, and the median price per square foot was $181.

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.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3$175.2K$309.9K
+76.9%
4-$250K
N/A
5--
N/A

Summary: 37840 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +76.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 37840, TN

How many homes are available in 37840, 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
30Last MonthJan 2025
262 months agoDec 2024
+15.4 %
Change MoMDec – Jan

Summary: The 37840 real estate market had 30 homes for sale in Jan 2025, a 15.4 % increase compared to Dec 2024.

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
4Last MonthJan 2025
52 months agoDec 2024
-20.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
111
0.0%
224
+100.0%
31514
-6.7%
468
+33.3%
523
+50.0%

Summary: 37840 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes decreased by -6.7%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in 37840, 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 Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in 37840, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 37840 in January 2025, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.

Days on Market for 37840, TN

How long does it take to sell a home in 37840, TN?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in 37840 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 4 homes were sold in 37840; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.
Last Month1 month agoChange MoM
46 DaysLast MonthJan 2025
24 Days1 month agoDec 2024
+91.6 %
Change MoMDec – Jan

Summary: Homes in 37840 had an average listing age of 46 days in Jan 2025, up by 91.6% compared to the previous month.

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Newest Listings in 37840, TN

What homes are available in 37840, TN?

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MLS Disclaimers and Copyright

Based on information from East Tennessee REALTORS® MLS, Tennessee Virginia Regional MLS, River Counties MLS, and Lakeway Area Association of Realtors MLS for the period 12/01/2024 - 02/01/2025

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: 2/7/2025, 7:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/7/2025, 7:20:55 AM 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: 2/7/2025, 7:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Lakeway Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. The information listed is from sources believed reliable but is not guaranteed, and is subject to change without notice.

Copyright © Lakeway Area Association of Realtors 2025. 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: 2/7/2025, 7:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.