Is 37010, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37010 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37010 was a Seller's Market.

Key Takeaway

37010 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 37010, TN

How much do homes in 37010, TN cost?

Median Sold Price

$445,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$450(-0.1%)

Key Takeaway

The sold price of homes in 37010 has remained the same since last year.

Summary: The median home sold price in 37010 was $445,000 in October 2024, down 0.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$235K
N/A
3 $410.1K$425K
+3.6%
4 $580K$525K
-9.5%
5+ $665K$512.4K
-22.9%

Summary: 37010 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 22.9%.

Median Sold Price Compared To Nearby Zip Codes

37032
+14.9%
37010
-0.1%
37043
-1.3%

Housing Supply in 37010, TN

How many homes are available in 37010, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2627+3.8%

Summary: The 37010 real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 1919
0.0%
4 53
-40.0%
5+ 13
+200.0%

Summary: The 37010 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37010, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 37010 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 37010, TN

How long does it take to sell a home in 37010, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days60 Days+310.8%

Summary: Homes in 37010 had an average of 60 days on market in Oct 2024, up by 310.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37010 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 37010; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 37010, TN

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