Is 37082, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37082 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37082 was a Neutral Market.

Key Takeaway

37082 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37082, TN

How much do homes in 37082, TN cost?

Median Sold Price

$565,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$90,000(+18.9%)

Key Takeaway

Homes in 37082 have sold for 18.9% more than they did a year ago.

Summary: The median home sold price in 37082 was $565,000 in October 2024, up 18.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$275K
N/A
2 $265K$350K
+32.1%
3 $484.5K$550K
+13.5%
4 $560.5K$775K
+38.3%
5+ $1.2M$974K
-24.3%

Summary: 37082 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes decreased by 24.3%.

Median Sold Price Compared To Nearby Zip Codes

37082
+18.9%
37143
+12.3%
37062
+9.8%
37221
+6.5%
37187
-0.3%

Housing Supply in 37082, TN

How many homes are available in 37082, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3538+8.6%

Summary: The 37082 real estate market had 38 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1720
+17.6%
4 1110
-9.1%
5+ 22
0.0%

Summary: The 37082 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37082, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 37082 in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.

Days on Market for 37082, TN

How long does it take to sell a home in 37082, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days46 Days-5.4%

Summary: Homes in 37082 had an average of 46 days on market in Oct 2024, down by 5.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37082 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 37082; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 5 Days Ago

Newest Listings in 37082, TN

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