Is 37066, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37066 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 37066 was a Seller's Market.

Key Takeaway

37066 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 37066, TN

How much do homes in 37066, TN cost?

Median Sold Price

$434,498

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,425(-2.1%)

Key Takeaway

Homes in 37066 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 37066 was $434,498 in November 2024, down 2.1% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $494.9K-
N/A
2 $365K$314K
-14.0%
3 $394.6K$379.9K
-3.7%
4 $564.9K$557.8K
-1.2%
5+ $973.5K$874.9K
-10.1%

Summary: 37066 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 14%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

37031
+21.2%
37148
+7.9%
37075
+2.6%
37048
-1.4%
37066
-2.1%

Housing Supply in 37066, TN

How many homes are available in 37066, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
474525+10.8%

Summary: The 37066 real estate market had 525 homes for sale in November 2024, a 10.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 4238
-9.5%
3 273306
+12.1%
4 132149
+12.9%
5+ 2731
+14.8%

Summary: The 37066 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10185-15.8%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37066, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in 37066 in November 2024, down by 15.8% month-over-month. Of the 85 sold homes, 56% were sold under asking, 27% were sold at asking, and 16% were sold over asking.

Days on Market for 37066, TN

How long does it take to sell a home in 37066, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days26 Days+7.8%

Summary: Homes in 37066 had an average of 26 days on market in Nov 2024, up by 7.8% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37066 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 85 homes were sold in 37066; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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 17 Days Ago

Newest Listings in 37066, TN

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