Is 37033, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37033 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37033 was a Seller's Market.

Key Takeaway

37033 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37033, TN

How much do homes in 37033, TN cost?

Median Sold Price

$272,150

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,150(+9.7%)

Key Takeaway

Homes in 37033 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 37033 was $272,150 in October 2024, up 9.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $138.5K$77.5K
-44.0%
2 $198.8K$168.8K
-15.1%
3 $257K$284.9K
+10.9%
4 $291.7K$285K
-2.3%
5+ $430K$504.9K
+17.4%

Summary: 37033 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Zip Codes

37137
+26.5%
37033
+9.7%
37098
+2.0%

Housing Supply in 37033, TN

How many homes are available in 37033, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2924-17.2%

Summary: The 37033 real estate market had 24 homes for sale in October 2024, a 17.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 63
-50.0%
3 119
-18.2%
4 66
0.0%
5+ 44
0.0%

Summary: The 37033 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 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

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 37033, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 37033 in October 2024, down by 40.0% 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 37033, TN

How long does it take to sell a home in 37033, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days22 Days+59.5%

Summary: Homes in 37033 had an average of 22 days on market in Oct 2024, up by 59.5% compared to last year.

Breakdown of Home Sale Times

2 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 37033 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 37033; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in 37033, TN

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