Is 37303, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37303 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37303 was a Seller's Market.

Key Takeaway

37303 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 37303, TN

How much do homes in 37303, TN cost?

Median Sold Price

$269,975

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,675(+1.8%)

Key Takeaway

Homes in 37303 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 37303 was $269,975 in October 2024, up 1.8% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $37.5K$179K
+377.3%
2 $189.9K$199.9K
+5.3%
3 $249.7K$270K
+8.1%
4 $300.9K$349.9K
+16.3%
5+ $315.8K$333.8K
+5.7%

Summary: 37303 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 377.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

37826
+9.1%
37329
+2.6%
37303
+1.8%

Housing Supply in 37303, TN

How many homes are available in 37303, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
131119-9.2%

Summary: The 37303 real estate market had 119 homes for sale in October 2024, a 9.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1916
-15.8%
3 6867
-1.5%
4 4131
-24.4%
5+ 35
+66.7%

Summary: The 37303 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 15.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2719-29.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37303, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 37303 in October 2024, down by 29.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.

Days on Market for 37303, TN

How long does it take to sell a home in 37303, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days41 Days+30.0%

Summary: Homes in 37303 had an average of 41 days on market in Oct 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37303 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 37303; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 37303, TN

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