Is 37179, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37179 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37179 was a Buyer's Market.

Key Takeaway

37179 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37179, TN

How much do homes in 37179, TN cost?

Median Sold Price

$733,944

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,159(+8.1%)

Key Takeaway

Homes in 37179 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 37179 was $733,944 in October 2024, up 8.1% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.6M$463.5K
-71.4%
2 $440K$424.1K
-3.6%
3 $500K$538.7K
+7.8%
4 $774.9K$791.4K
+2.1%
5+ $1.1M$1.2M
+2.1%

Summary: 37179 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

37046
+13.9%
38401
+9.5%
37179
+8.1%
37064
+3.4%
37174
-4.4%

Housing Supply in 37179, TN

How many homes are available in 37179, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
161174+8.1%

Summary: The 37179 real estate market had 174 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 5658
+3.6%
4 5864
+10.3%
5+ 4046
+15.0%

Summary: The 37179 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 decreased by 16.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2634+30.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37179, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 37179 in October 2024, up by 30.8% month-over-month. Of the 34 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% were sold over asking.

Days on Market for 37179, TN

How long does it take to sell a home in 37179, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days40 Days+42.1%

Summary: Homes in 37179 had an average of 40 days on market in Oct 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37179 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 37179; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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

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