Is 37072, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37072 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 37072 has remained a Seller's Market.

Key Takeaway

37072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37072, TN

How much do homes in 37072, TN cost?

Median Sold Price

$410,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$14,500(+3.7%)

Key Takeaway

Homes in 37072 have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in 37072 was $410,000 in December 2024, up 3.7% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $219K$325K
+48.4%
2 $300K$289.4K
-3.5%
3 $378.9K$379.9K
0.3%
4 $477.5K$555K
+16.2%
5+ $616K$660K
+7.1%

Summary: 37072 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

37115
+5.9%
37072
+3.7%
37075
+2.1%
37073
-5.9%

Housing Supply in 37072, TN

How many homes are available in 37072, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
143139-2.8%

Summary: The 37072 real estate market had 139 homes for sale in December 2024, a 2.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 8786
-1.1%
4 3028
-6.7%
5+ 1414
0.0%

Summary: The 37072 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 decreased by 8.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2229+31.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37072, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 37072 in December 2024, up by 31.8% month-over-month. Of the 28 sold homes, 46% were sold under asking, 32% were sold at asking, and 21% were sold over asking.

Days on Market for 37072, TN

How long does it take to sell a home in 37072, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
46 Days32 Days-30.4%

Summary: Homes in 37072 had an average of 32 days on market in Dec 2024, down by 30.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37072 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 29 homes were sold in 37072; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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 37072, TN

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