37874 Housing Market Report May 2025•Monroe County, Tennessee

hero building illustration for mobile

Housing Prices in 37874, TN

How much do homes in 37874, TN cost?

Housing Market Conditions

Is 37874, 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

37874 is a Seller's Market

Difference Since May 2024

Since last year, 37874 has remained a Seller's Market.

Insight

37874 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.
$259,966$180/SqFt
+$1,466
+0.6%

Based on all homes sold in the last 12 months

Insight

Homes in 37874 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 37874 was $259,966 in May 2025, up 0.6% from last year, and the median price per square foot was $180.

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
37846
+9.6%
37826
+6.2%
37774
+0.6%
37874
+0.6%
37354
-5.1%

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.
BedsMay 2024May 2025Change YoY
1$129K$145K
+12.4%
2$205.5K$239K
+16.3%
3$259.5K$255K
-1.7%
4$283K$377K
+33.2%
5$452.5K$552.5K
+22.1%

Summary: 37874 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +12.4%. The home price for 2 bedroom homes increased by +16.3%. The home price for 3 bedroom homes decreased by -1.7%. The home price for 4 bedroom homes increased by +33.2%. The home price for 5 bedroom homes increased by +22.1%.

How does 37874, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

37874, TN

Housing supply in 37874, TN

How many homes are available in 37874, 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
90Last MonthMay 2025
882 months agoApr 2025
+2.3 %
Change MoMApr – May

Summary: The 37874 real estate market had 90 homes for sale in May 2025, a 2.3 % increase compared to Apr 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
21Last MonthMay 2025
222 months agoApr 2025
-4.5 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
122
0.0%
2912
+33.3%
35352
-1.9%
42119
-9.5%
535
+66.7%

Summary: 37874 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes decreased by -1.9%. The inventory for 4 bedroom homes decreased by -9.5%. The inventory for 5 bedroom homes increased by +66.7%.

Asking Price vs. Sold Price

How much do homes in 37874, 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 Price4 Homes

At Asking Price2 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in 37874, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 37874 in May 2025, down by 4.5% month-over-month. Of the 21 sold homes, 71% were sold under asking, 10% were sold at asking, and and 19% were sold over asking.

Days on Market for 37874, TN

How long does it take to sell a home in 37874, TN?

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days5 Homes

Over 90 Days2 Homes

Insight

Many homes in 37874 are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 21 homes were sold in 37874; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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
26 DaysThis YearMay 2025
39 Days1 year agoMay 2024
-31.6 %
Change YoYMay 2024 – May 2025

Summary: Homes in 37874 had an average listing age of 26 days in May 2025, down by 31.6% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 37874, TN

What homes are available in 37874, TN?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Tennessee

MLS Disclaimers and Copyright

Based on information from East Tennessee REALTORS® MLS, River Counties MLS, and Chattanooga MLS / Multiple Listing Service of Chattanooga Inc. for the period 06/01/2023 - 06/01/2025

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: 6/19/2025, 11:40:33 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: 6/19/2025, 11:45:34 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 Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.