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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37090 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37090 was a Seller's Market.

Key Takeaway

37090 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 37090, TN

How much do homes in 37090, TN cost?

Median Sold Price

$423,280

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,620(-3.8%)

Key Takeaway

Homes in 37090 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 37090 was $423,280 in October 2024, down 3.8% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $109K$250K
+129.4%
2 $408.7K$399.9K
-2.1%
3 $364.9K$335K
-8.2%
4 $537.7K$515K
-4.2%
5+ $572K$639.5K
+11.8%

Summary: 37090 housing prices by bedroom type for October 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 8.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Zip Codes

37087
+8.2%
37122
+5.5%
37085
+2.8%
37184
0%
37090
-3.8%

Housing Supply in 37090, TN

How many homes are available in 37090, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
142170+19.7%

Summary: The 37090 real estate market had 170 homes for sale in October 2024, a 19.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1416
+14.3%
3 92107
+16.3%
4 2733
+22.2%
5+ 712
+71.4%

Summary: The 37090 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 14.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 71.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3028-6.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37090, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 37090 in October 2024, down by 6.7% month-over-month. Of the 27 sold homes, 48% were sold under asking, 37% were sold at asking, and 15% 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

Oct 2023Oct 2024CHANGE
30 Days43 Days+40.6%

Summary: Homes in 37090 had an average of 43 days on market in Oct 2024, up by 40.6% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were 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 October 2024, 28 homes were sold in 37090; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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 13 Days Ago

Newest Listings in 37090, TN

Nearby Markets to 37090, TN