Is 37134, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37134 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 37134 has remained a Buyer's Market.

Key Takeaway

37134 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37134, TN

How much do homes in 37134, TN cost?

Median Sold Price

$165,000

$150/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$114,950(-41.1%)

Key Takeaway

Homes in 37134 have sold for 41.1% less than they did a month ago.

Summary: The median home sold price in 37134 was $165,000 in October 2024, down 41.1% from last month, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $279.9K$165K
-41.1%
4 --
N/A
5+ --
N/A

Summary: 37134 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 41.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

38320
+10.9%
37134
-41.1%
38341
-81.7%

Housing Supply in 37134, TN

How many homes are available in 37134, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The 37134 real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1110
-9.1%
4 35
+66.7%
5+ 11
0.0%

Summary: The 37134 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 decreased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37134, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 37134 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37134, TN

How long does it take to sell a home in 37134, TN?

Average Sale Time

Sep 2024Oct 2024CHANGE
76 Days5 Days-93.5%

Summary: Homes in 37134 had an average of 5 days on market in Oct 2024, down by 93.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37134 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 37134; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 37134, TN

Nearby Markets to 37134, TN