Is 37090, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37090 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 37090 has remained a Buyer's Market.

Key Takeaway

37090 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37090, TN

How much do homes in 37090, TN cost?

Median Sold Price

$402,496

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$37,738(-8.6%)

Key Takeaway

Homes in 37090 have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in 37090 was $402,496 in November 2024, down 8.6% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $109K$250K
+129.4%
2 $408.7K$399.9K
-2.1%
3 $369.3K$333K
-9.8%
4 $539.6K$510K
-5.5%
5+ $572K$669.9K
+17.1%

Summary: 37090 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Zip Codes

37087
+7.9%
37122
+7.4%
37085
+3.7%
37184
-3.1%
37090
-8.6%

Housing Supply in 37090, TN

How many homes are available in 37090, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
157154-1.9%

Summary: The 37090 real estate market had 154 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1616
0.0%
3 9893
-5.1%
4 3434
0.0%
5+ 710
+42.9%

Summary: The 37090 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3518-48.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37090, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in 37090 in November 2024, down by 48.6% month-over-month. Of the 17 sold homes, 35% were sold under asking, 47% were sold at asking, and 18% were sold over asking.

Days on Market for 37090, TN

How long does it take to sell a home in 37090, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days24 Days-10.9%

Summary: Homes in 37090 had an average of 24 days on market in Nov 2024, down by 10.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37090 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in 37090; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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 37090, TN

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