Is 37025, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37025 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 37025 was a Seller's Market.

Key Takeaway

37025 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37025, TN

How much do homes in 37025, TN cost?

Median Sold Price

$420,750

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,750(+10.7%)

Key Takeaway

Homes in 37025 have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in 37025 was $420,750 in November 2024, up 10.7% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$139K
N/A
2 $261.4K$253.9K
-2.9%
3 $370K$420.7K
+13.7%
4 $685.9K$512K
-25.4%
5+ $420K-
N/A

Summary: 37025 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37025
+10.7%
37062
+4.6%
37029
+1.1%
37098
+0.6%

Housing Supply in 37025, TN

How many homes are available in 37025, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2930+3.4%

Summary: The 37025 real estate market had 30 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1718
+5.9%
4 56
+20.0%
5+ 00
0.0%

Summary: The 37025 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37025, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37025 in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 37025, TN

How long does it take to sell a home in 37025, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days18 Days+134.8%

Summary: Homes in 37025 had an average of 18 days on market in Nov 2024, up by 134.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 37025 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 37025; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

Newest Listings in 37025, TN

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