Is 37014, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37014 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37014 has remained a Seller's Market.

Key Takeaway

37014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37014, TN

How much do homes in 37014, TN cost?

Median Sold Price

$961,925

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,789(-1.7%)

Key Takeaway

Homes in 37014 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 37014 was $961,925 in October 2024, down 1.7% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $3.7M$372.5K
-90.1%
3 $573.7K$880K
+53.4%
4 $899.9K$944K
+4.9%
5+ $1.1M$1.0M
-11.6%

Summary: 37014 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 90.1%, 3 bedroom homes increased by 53.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 11.6%.

Median Sold Price Compared To Nearby Zip Codes

37046
+13.9%
37135
+12.8%
37167
+10.8%
37067
+2.5%
37014
-1.7%

Housing Supply in 37014, TN

How many homes are available in 37014, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8682-4.7%

Summary: The 37014 real estate market had 82 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 77
0.0%
4 4137
-9.8%
5+ 3435
+2.9%

Summary: The 37014 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2018-10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37014, expect to pay close to the asking price. 61.1% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in 37014 in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 61% were sold at asking, and 11% were sold over asking.

Days on Market for 37014, TN

How long does it take to sell a home in 37014, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days32 Days+7.1%

Summary: Homes in 37014 had an average of 32 days on market in Oct 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37014 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 37014; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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 37014, TN

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