Is 37036, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37036 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37036 was a Buyer's Market.

Key Takeaway

37036 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37036, TN

How much do homes in 37036, TN cost?

Median Sold Price

$343,900

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,400(+2.2%)

Key Takeaway

Homes in 37036 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 37036 was $343,900 in October 2024, up 2.2% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $208K$299K
+43.8%
2 $273.9K$268K
-2.2%
3 $330K$345K
+4.5%
4 $690K$339.5K
-50.8%
5+ -$490K
N/A

Summary: 37036 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 50.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37015
+5.4%
37036
+2.2%
37187
-0.3%

Housing Supply in 37036, TN

How many homes are available in 37036, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32320.0%

Summary: The 37036 real estate market had 32 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 43
-25.0%
3 2324
+4.3%
4 34
+33.3%
5+ 00
0.0%

Summary: The 37036 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37036, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 37036 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 37036, TN

How long does it take to sell a home in 37036, TN?

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37036 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 37036; 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 4 Days Ago

Newest Listings in 37036, TN

Nearby Markets to 37036, TN