Is 37345, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37345 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 37345 has remained a Seller's Market.

Key Takeaway

37345 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37345, TN

How much do homes in 37345, TN cost?

Median Sold Price

$210,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$50,000(+31.3%)

Key Takeaway

Homes in 37345 have sold for 31.3% more than they did a year ago.

Summary: The median home sold price in 37345 was $210,000 in December 2024, up 31.3% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $117.5K$184.5K
+57.0%
3 $172K$198K
+15.1%
4 $216.5K$482.4K
+122.8%
5+ --
N/A

Summary: 37345 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 122.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37345
+31.3%
37335
+10.6%

Housing Supply in 37345, TN

How many homes are available in 37345, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1311-15.4%

Summary: The 37345 real estate market had 11 homes for sale in December 2024, a 15.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 21
-50.0%
5+ 11
0.0%

Summary: The 37345 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37345, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 37345 in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 37345, TN

How long does it take to sell a home in 37345, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
89 Days74 Days-16.6%

Summary: Homes in 37345 had an average of 74 days on market in Dec 2024, down by 16.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37345 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 37345; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in 37345, TN

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