Is 37353, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37353 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37353 was a Seller's Market.

Key Takeaway

37353 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37353, TN

How much do homes in 37353, TN cost?

Median Sold Price

$472,450

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,550(-1.4%)

Key Takeaway

Homes in 37353 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 37353 was $472,450 in October 2024, down 1.4% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$155K
N/A
3 $365K$523.1K
+43.3%
4 $510K$541.5K
+6.2%
5+ $1.1M$342.5K
-70.9%

Summary: 37353 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 43.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 70.9%.

Median Sold Price Compared To Nearby Zip Codes

37363
+6.2%
37312
+4.5%
37302
0.4%
37311
0.2%
37353
-1.4%

Housing Supply in 37353, TN

How many homes are available in 37353, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3728-24.3%

Summary: The 37353 real estate market had 28 homes for sale in October 2024, a 24.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 33
0.0%
3 1813
-27.8%
4 96
-33.3%
5+ 55
0.0%

Summary: The 37353 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37353, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 37353 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 37353, TN

How long does it take to sell a home in 37353, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days100 Days+220.0%

Summary: Homes in 37353 had an average of 100 days on market in Oct 2024, up by 220% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 37353 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 37353; 0% of homes were sold within 30 days, 0% 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 14 Days Ago

Newest Listings in 37353, TN

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