Is 37184, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37184 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37184 was a Buyer's Market.

Key Takeaway

37184 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37184, TN

How much do homes in 37184, TN cost?

Median Sold Price

$474,900

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$100(0%)

Key Takeaway

The sold price of homes in 37184 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $200.9K$570K
+183.7%
3 $448K$430K
-4.0%
4 $698.7K$600K
-14.1%
5+ $729K$685K
-6.0%

Summary: 37184 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 183.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Zip Codes

37012
+7.5%
37184
0%
37090
-3.8%
38547
-15.6%

Housing Supply in 37184, TN

How many homes are available in 37184, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4041+2.5%

Summary: The 37184 real estate market had 41 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2424
0.0%
4 1011
+10.0%
5+ 22
0.0%

Summary: The 37184 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 remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37184, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 37184 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for 37184, TN

How long does it take to sell a home in 37184, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days36 Days-53.9%

Summary: Homes in 37184 had an average of 36 days on market in Oct 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37184 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 37184; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in 37184, TN

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