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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37076 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 37076 has remained a Seller's Market.

Key Takeaway

37076 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37076, TN

How much do homes in 37076, TN cost?

Median Sold Price

$425,153

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,571(+3.0%)

Key Takeaway

Homes in 37076 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 37076 was $425,153 in September 2024, up 3% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $218.5K$189.5K
-13.3%
2 $320K$314.2K
-1.8%
3 $406.3K$410K
+0.9%
4 $503.7K$499.7K
-0.8%
5+ $527.3K$537.5K
+1.9%

Summary: 37076 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

37217
+10.3%
37138
+9.7%
37214
+6.3%
37122
+5.7%
37076
+3.0%

Housing Supply in 37076, TN

How many homes are available in 37076, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
271293+8.1%

Summary: The 37076 real estate market had 293 homes for sale in September 2024, a 8.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 4336
-16.3%
3 149161
+8.1%
4 6574
+13.8%
5+ 1421
+50.0%

Summary: The 37076 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6571+9.2%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

10 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. 54.9% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in 37076 in September 2024, up by 9.2% month-over-month. Of the 71 sold homes, 55% were sold under asking, 31% were sold at asking, and 14% 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

Sep 2023Sep 2024CHANGE
22 Days26 Days+17.6%

Summary: Homes in 37076 had an average of 26 days on market in Sep 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

2 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 September 2024, 71 homes were sold in 37076; 66% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% 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 Sep 1, 2024

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