Is 37110, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37110 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 37110 was a Seller's Market.

Key Takeaway

37110 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37110, TN

How much do homes in 37110, TN cost?

Median Sold Price

$261,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,050(+4.4%)

Key Takeaway

Homes in 37110 have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in 37110 was $261,000 in November 2024, up 4.4% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $169.9K$247.5K
+45.7%
2 $177.5K$170K
-4.2%
3 $259.9K$266K
+2.3%
4 $290K$285.9K
-1.4%
5+ $490K$530K
+8.2%

Summary: 37110 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.7%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 8.2%.

Housing Supply in 37110, TN

How many homes are available in 37110, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
230238+3.5%

Summary: The 37110 real estate market had 238 homes for sale in November 2024, a 3.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 2229
+31.8%
3 157152
-3.2%
4 3945
+15.4%
5+ 88
0.0%

Summary: The 37110 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3714-62.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37110, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 37110 in November 2024, down by 62.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.

Days on Market for 37110, TN

How long does it take to sell a home in 37110, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days46 Days+20.6%

Summary: Homes in 37110 had an average of 46 days on market in Nov 2024, up by 20.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37110 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 37110; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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

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