Is 37190, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37190 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37190 was a Seller's Market.

Key Takeaway

37190 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37190, TN

How much do homes in 37190, TN cost?

Median Sold Price

$298,250

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$21,750(-6.8%)

Key Takeaway

Homes in 37190 have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in 37190 was $298,250 in October 2024, down 6.8% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K-
N/A
2 $189K$255K
+34.9%
3 $335.5K$299.9K
-10.6%
4 $415.4K$335K
-19.4%
5+ $622.5K$412.4K
-33.7%

Summary: 37190 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 34.9%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 33.7%.

Median Sold Price Compared To Nearby Zip Codes

37026
+11.8%
37149
+2.2%
37190
-6.8%

Housing Supply in 37190, TN

How many homes are available in 37190, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5063+26.0%

Summary: The 37190 real estate market had 63 homes for sale in October 2024, a 26.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 03
+100.0%
2 78
+14.3%
3 3441
+20.6%
4 79
+28.6%
5+ 22
0.0%

Summary: The 37190 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37190, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 37190 in October 2024, up by 33.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 37190, TN

How long does it take to sell a home in 37190, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days24 Days-40.0%

Summary: Homes in 37190 had an average of 24 days on market in Oct 2024, down by 40% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37190 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 37190; 75% of homes were sold within 30 days, 25% 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 37190, TN

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