Is 37149, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37149 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37149 was a Neutral Market.

Key Takeaway

37149 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37149, TN

How much do homes in 37149, TN cost?

Median Sold Price

$454,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.2%)

Key Takeaway

Homes in 37149 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 37149 was $454,500 in October 2024, up 2.2% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160.5K$158.5K
-1.2%
2 $319.9K$330.3K
+3.3%
3 $492.5K$398.9K
-19.0%
4 $980K$615K
-37.2%
5+ -$634.9K
N/A

Summary: 37149 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 37.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37026
+11.8%
37130
+8.1%
37127
+2.8%
37149
+2.2%
37190
-6.8%

Housing Supply in 37149, TN

How many homes are available in 37149, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119-18.2%

Summary: The 37149 real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 11
0.0%
3 65
-16.7%
4 11
0.0%
5+ 10
-100.0%

Summary: The 37149 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were 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 37149, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37149 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37149, TN

How long does it take to sell a home in 37149, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days82 Days+175.0%

Summary: Homes in 37149 had an average of 82 days on market in Oct 2024, up by 175% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37149 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 37149; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

Newest Listings in 37149, TN

Nearby Markets to 37149, TN