Is 37343, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37343 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37343 has remained a Seller's Market.

Key Takeaway

37343 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37343, TN

How much do homes in 37343, TN cost?

Median Sold Price

$369,900

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,900(+6.0%)

Key Takeaway

Homes in 37343 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 37343 was $369,900 in October 2024, up 6% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $115K$100K
-13.0%
2 $299.5K$299.8K
0.1%
3 $313.1K$327.9K
+4.7%
4 $387.9K$443.3K
+14.3%
5+ $505K$515.3K
+2.1%

Summary: 37343 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

37416
+12.5%
37377
+10.7%
37343
+6.0%
37415
+5.7%
37341
+5.3%

Housing Supply in 37343, TN

How many homes are available in 37343, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
274251-8.4%

Summary: The 37343 real estate market had 251 homes for sale in October 2024, a 8.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3020
-33.3%
3 141129
-8.5%
4 7976
-3.8%
5+ 2426
+8.3%

Summary: The 37343 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 33.3%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7460-18.9%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37343, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in 37343 in October 2024, down by 18.9% month-over-month. Of the 60 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% were sold over asking.

Days on Market for 37343, TN

How long does it take to sell a home in 37343, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days27 Days+13.0%

Summary: Homes in 37343 had an average of 27 days on market in Oct 2024, up by 13% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37343 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 60 homes were sold in 37343; 22% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% 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 13 Days Ago

Newest Listings in 37343, TN

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