Is 37058, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37058 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 37058 was a Seller's Market.

Key Takeaway

37058 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37058, TN

How much do homes in 37058, TN cost?

Median Sold Price

$305,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,500(+17.5%)

Key Takeaway

Homes in 37058 have sold for 17.5% more than they did a year ago.

Summary: The median home sold price in 37058 was $305,000 in November 2024, up 17.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$200K
N/A
2 $170K$217K
+27.6%
3 $271.4K$314.2K
+15.8%
4 $425K$470K
+10.6%
5+ $380K$430K
+13.2%

Summary: 37058 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 increased by 27.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 13.2%.

Housing Supply in 37058, TN

How many homes are available in 37058, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3733-10.8%

Summary: The 37058 real estate market had 33 homes for sale in November 2024, a 10.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 44
0.0%
3 2321
-8.7%
4 65
-16.7%
5+ 11
0.0%

Summary: The 37058 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
101-90.0%

Days on Market for 37058, TN

How long does it take to sell a home in 37058, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days27 Days-33.9%

Summary: Homes in 37058 had an average of 27 days on market in Nov 2024, down by 33.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37058 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 37058; 100% of homes were sold within 30 days, 0% 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 18 Days Ago

Newest Listings in 37058, TN

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