Is 37191, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37191 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37191 was a Seller's Market.

Key Takeaway

37191 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37191, TN

How much do homes in 37191, TN cost?

Median Sold Price

$307,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,500(-1.8%)

Key Takeaway

Homes in 37191 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 37191 was $307,000 in October 2024, down 1.8% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $221.2K$236.4K
+6.9%
3 $312.5K$300K
-4.0%
4 $357.5K$425K
+18.9%
5+ -$545.9K
N/A

Summary: 37191 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 6.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37042
+4.8%
37191
-1.8%

Housing Supply in 37191, TN

How many homes are available in 37191, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2417-29.2%

Summary: The 37191 real estate market had 17 homes for sale in October 2024, a 29.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1911
-42.1%
4 33
0.0%
5+ 11
0.0%

Summary: The 37191 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 increased by 100%, 3 bedroom homes decreased by 42.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
81-87.5%

Asking Price vs. Sold Price

1 Home Was 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 37191, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 37191 in October 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37191, TN

How long does it take to sell a home in 37191, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days10 Days-62.5%

Summary: Homes in 37191 had an average of 10 days on market in Oct 2024, down by 62.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37191 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 37191; 100% of homes were sold within 30 days, 0% 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 37191, TN

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