Is 37076, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37076 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37076 was a Seller's Market.

Key Takeaway

37076 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 37076, TN

How much do homes in 37076, TN cost?

Median Sold Price

$424,994

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,995(+3.7%)

Key Takeaway

Homes in 37076 have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in 37076 was $424,994 in October 2024, up 3.7% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $218.5K$189.5K
-13.3%
2 $320K$313.5K
-2.0%
3 $404.3K$413.3K
+2.2%
4 $493.5K$509K
+3.1%
5+ $515.8K$527.5K
+2.3%

Summary: 37076 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

37138
+9.7%
37217
+9.0%
37214
+8.9%
37122
+5.5%
37076
+3.7%

Housing Supply in 37076, TN

How many homes are available in 37076, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
291277-4.8%

Summary: The 37076 real estate market had 277 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 3936
-7.7%
3 159145
-8.8%
4 7677
+1.3%
5+ 1718
+5.9%

Summary: The 37076 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7841-47.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37076, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 37076 in October 2024, down by 47.4% month-over-month. Of the 41 sold homes, 59% were sold under asking, 37% were sold at asking, and 5% were sold over asking.

Days on Market for 37076, TN

How long does it take to sell a home in 37076, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days40 Days+28.2%

Summary: Homes in 37076 had an average of 40 days on market in Oct 2024, up by 28.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37076 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 41 homes were sold in 37076; 63% of homes were sold within 30 days, 20% 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 20 Days Ago

Newest Listings in 37076, TN

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