Is 37150, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37150 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 37150 was a Buyer's Market.

Key Takeaway

37150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37150, TN

How much do homes in 37150, TN cost?

Median Sold Price

$371,500

$143/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$321,500(+643.0%)

Key Takeaway

Homes in 37150 have sold for 643% more than they did a month ago.

Summary: The median home sold price in 37150 was $371,500 in October 2024, up 643% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $50K-
N/A
3 -$582.6K
N/A
4 -$270.8K
N/A
5+ -$308K
N/A

Summary: 37150 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 37150, TN

How many homes are available in 37150, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2225+13.6%

Summary: The 37150 real estate market had 25 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1215
+25.0%
4 33
0.0%
5+ 33
0.0%

Summary: The 37150 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16+500.0%

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 37150, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 37150 in October 2024, up by 500.0% 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 37150, TN

How long does it take to sell a home in 37150, TN?

Average Sale Time

Sep 2024Oct 2024CHANGE
129 Days23 Days-81.9%

Summary: Homes in 37150 had an average of 23 days on market in Oct 2024, down by 81.9% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37150 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 37150; 83% of homes were sold within 30 days, 17% 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 14 Days Ago

Newest Listings in 37150, TN

Nearby Markets to 37150, TN