Is 37043, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37043 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 37043 was a Seller's Market.

Key Takeaway

37043 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 37043, TN

How much do homes in 37043, TN cost?

Median Sold Price

$379,998

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$9,858(-2.5%)

Key Takeaway

Homes in 37043 have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in 37043 was $379,998 in December 2024, down 2.5% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $230K$325K
+41.3%
2 $227K$230K
+1.3%
3 $339.9K$335K
-1.4%
4 $449K$469.1K
+4.5%
5+ $489.9K$465K
-5.1%

Summary: 37043 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

37010
+3.7%
37040
0.4%
37043
-2.5%

Housing Supply in 37043, TN

How many homes are available in 37043, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5215230.4%

Summary: The 37043 real estate market had 523 homes for sale in December 2024, a 0.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2630
+15.4%
3 267261
-2.2%
4 155148
-4.5%
5+ 7283
+15.3%

Summary: The 37043 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 15.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
8277-6.1%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37043, expect to pay close to the asking price. 51.9% of homes here sold near the asking price last month.

Summary: A total of 77 homes were sold or pending in 37043 in December 2024, down by 6.1% month-over-month. Of the 77 sold homes, 43% were sold under asking, 52% were sold at asking, and 5% were sold over asking.

Days on Market for 37043, TN

How long does it take to sell a home in 37043, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
57 Days44 Days-22.6%

Summary: Homes in 37043 had an average of 44 days on market in Dec 2024, down by 22.6% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37043 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 77 homes were sold in 37043; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% 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 6 Days Ago

Newest Listings in 37043, TN

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