Is 37330, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37330 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37330 was a Seller's Market.

Key Takeaway

37330 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 37330, TN

How much do homes in 37330, TN cost?

Median Sold Price

$309,900

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,900(+19.2%)

Key Takeaway

Homes in 37330 have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in 37330 was $309,900 in October 2024, up 19.2% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$215.4K
+7.7%
2 $196K$280K
+42.9%
3 $256.7K$299.9K
+16.8%
4 $799.9K$650K
-18.7%
5+ $550K$399.9K
-27.3%

Summary: 37330 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 27.3%.

Median Sold Price Compared To Nearby Zip Codes

37330
+19.2%
37388
+7.6%
37324
+4.5%
37398
+2.0%

Housing Supply in 37330, TN

How many homes are available in 37330, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5260+15.4%

Summary: The 37330 real estate market had 60 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 66
0.0%
3 3237
+15.6%
4 1113
+18.2%
5+ 22
0.0%

Summary: The 37330 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 remained the same, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37330, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 37330 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for 37330, TN

How long does it take to sell a home in 37330, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days52 Days+63.8%

Summary: Homes in 37330 had an average of 52 days on market in Oct 2024, up by 63.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37330 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 37330; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 37330, TN

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