Is 37350, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37350 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37350 was a Neutral Market.

Key Takeaway

37350 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37350, TN

How much do homes in 37350, TN cost?

Median Sold Price

$960,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$85,000(+9.7%)

Key Takeaway

Homes in 37350 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 37350 was $960,000 in October 2024, up 9.7% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$432.5K
N/A
3 $446.4K$708.5K
+58.7%
4 $875K$1.0M
+20.0%
5+ $1.3M$2.1M
+52.7%

Summary: 37350 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 did not change, 3 bedroom homes increased by 58.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 52.7%.

Median Sold Price Compared To Nearby Zip Codes

37409
+10.2%
37350
+9.7%

Housing Supply in 37350, TN

How many homes are available in 37350, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
26260.0%

Summary: The 37350 real estate market had 26 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 66
0.0%
3 20
-100.0%
4 1112
+9.1%
5+ 67
+16.7%

Summary: The 37350 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
213+550.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37350, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 37350 in October 2024, up by 550.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.

Days on Market for 37350, TN

How long does it take to sell a home in 37350, TN?

Breakdown of Home Sale Times

6 Homes Were 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 37350 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 37350; 46% 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 14 Days Ago

Newest Listings in 37350, TN

Nearby Markets to 37350, TN