Is 37101, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37101 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37101 has remained a Seller's Market.

Key Takeaway

37101 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37101, TN

How much do homes in 37101, TN cost?

Median Sold Price

$268,750

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,250(+0.5%)

Key Takeaway

The sold price of homes in 37101 has remained the same since last year.

Summary: The median home sold price in 37101 was $268,750 in October 2024, up 0.5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $197.4K$242.4K
+22.8%
3 $265K$277.5K
+4.7%
4 $270K$243.2K
-9.9%
5+ $925K$490K
-47.0%

Summary: 37101 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 22.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 47%.

Median Sold Price Compared To Nearby Zip Codes

37185
+11.1%
37055
+9.6%
37101
0.5%

Housing Supply in 37101, TN

How many homes are available in 37101, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2528+12.0%

Summary: The 37101 real estate market had 28 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1618
+12.5%
4 66
0.0%
5+ 12
+100.0%

Summary: The 37101 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37101, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 37101 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 37101, TN

How long does it take to sell a home in 37101, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days60 Days+89.7%

Summary: Homes in 37101 had an average of 60 days on market in Oct 2024, up by 89.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37101 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 37101; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in 37101, TN

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