Is 37360, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37360 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 37360 has remained a Buyer's Market.

Key Takeaway

37360 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37360, TN

How much do homes in 37360, TN cost?

Median Sold Price

$430,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-3.4%)

Key Takeaway

Homes in 37360 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 37360 was $430,000 in October 2024, down 3.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$422K
N/A
3 $464K$430K
-7.3%
4 $375K$189.9K
-49.4%
5+ $800.5K$1.1M
+41.2%

Summary: 37360 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 decreased by 7.3%, 4 bedroom homes decreased by 49.4%, and 5+ bedroom homes increased by 41.2%.

Median Sold Price Compared To Nearby Zip Codes

37388
+7.6%
37355
+5.0%
37360
-3.4%

Housing Supply in 37360, TN

How many homes are available in 37360, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The 37360 real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 37360 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37360, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 37360 in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37360, TN

How long does it take to sell a home in 37360, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days88 Days+120.0%

Summary: Homes in 37360 had an average of 88 days on market in Oct 2024, up by 120% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in 37360 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 37360; 0% of homes were sold within 30 days, 100% 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 37360, TN

Nearby Markets to 37360, TN