Is 37012, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37012 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37012 has remained a Seller's Market.

Key Takeaway

37012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37012, TN

How much do homes in 37012, TN cost?

Median Sold Price

$285,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+7.5%)

Key Takeaway

Homes in 37012 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 37012 was $285,000 in October 2024, up 7.5% 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 $238.7K$195K
-18.3%
3 $325K$283.5K
-12.8%
4 $350K$520K
+48.6%
5+ $510K-
N/A

Summary: 37012 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 decreased by 18.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37012
+7.5%
37184
0%
38547
-15.6%

Housing Supply in 37012, TN

How many homes are available in 37012, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1415+7.1%

Summary: The 37012 real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 68
+33.3%
4 31
-66.7%
5+ 00
0.0%

Summary: The 37012 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 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37012, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 37012 in October 2024, up by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 37012, TN

How long does it take to sell a home in 37012, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
68 Days16 Days-75.8%

Summary: Homes in 37012 had an average of 16 days on market in Oct 2024, down by 75.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 37012; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in 37012, TN

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