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 21 Days Ago

Newest Listings in 37082, TN

Nearby Markets to 37082, TN