Is 37357, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37357 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 37357 has remained a Buyer's Market.

Key Takeaway

37357 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37357, TN

How much do homes in 37357, TN cost?

Median Sold Price

$433,500

$253/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$73,500(+20.4%)

Key Takeaway

Homes in 37357 have sold for 20.4% more than they did a month ago.

Summary: The median home sold price in 37357 was $433,500 in October 2024, up 20.4% from last month, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $360K$433.5K
+20.4%
4 --
N/A
5+ --
N/A

Summary: 37357 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 37357, TN

How many homes are available in 37357, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
41410.0%

Summary: The 37357 real estate market had 41 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 23
+50.0%
3 3130
-3.2%
4 76
-14.3%
5+ 00
0.0%

Summary: The 37357 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 increased by 50%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37357, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37357 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 37357, TN

How long does it take to sell a home in 37357, TN?

Average Sale Time

Sep 2024Oct 2024CHANGE
70 Days22 Days-68.9%

Summary: Homes in 37357 had an average of 22 days on market in Oct 2024, down by 68.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37357 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 37357; 50% of homes were sold within 30 days, 50% 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 13 Days Ago

Newest Listings in 37357, TN

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