Is 37091, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37091 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37091 was a Seller's Market.

Key Takeaway

37091 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37091, TN

How much do homes in 37091, TN cost?

Median Sold Price

$285,500

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+1.4%)

Key Takeaway

Homes in 37091 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 37091 was $285,500 in October 2024, up 1.4% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$160K
+45.5%
2 $150K$178.6K
+19.1%
3 $284K$284K
0.0%
4 $345K$414.9K
+20.3%
5+ $325K$510K
+56.9%

Summary: 37091 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 19.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 56.9%.

Median Sold Price Compared To Nearby Zip Codes

37034
+13.1%
37047
+9.8%
37091
+1.4%
37180
-0.5%

Housing Supply in 37091, TN

How many homes are available in 37091, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
130144+10.8%

Summary: The 37091 real estate market had 144 homes for sale in October 2024, a 10.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 1012
+20.0%
3 99108
+9.1%
4 1317
+30.8%
5+ 44
0.0%

Summary: The 37091 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37091, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 37091 in October 2024, up by 11.1% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for 37091, TN

How long does it take to sell a home in 37091, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days48 Days+7.1%

Summary: Homes in 37091 had an average of 48 days on market in Oct 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37091 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 37091; 55% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% 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 37091, TN

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