Is 37367, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37367 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37367 was a Seller's Market.

Key Takeaway

37367 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37367, TN

How much do homes in 37367, TN cost?

Median Sold Price

$248,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+5.3%)

Key Takeaway

Homes in 37367 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 37367 was $248,500 in October 2024, up 5.3% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $149.9K$267.7K
+78.6%
2 $169.9K$189.9K
+11.8%
3 $248.7K$245.8K
-1.2%
4 $308K$385K
+25.0%
5+ $322.5K$700K
+117.1%

Summary: 37367 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 117.1%.

Median Sold Price Compared To Nearby Zip Codes

37367
+5.3%
38572
+4.2%
37321
-1.5%

Housing Supply in 37367, TN

How many homes are available in 37367, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5663+12.5%

Summary: The 37367 real estate market had 63 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 14
+300.0%
2 89
+12.5%
3 3136
+16.1%
4 75
-28.6%
5+ 99
0.0%

Summary: The 37367 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

6 Homes Were 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 37367, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 37367 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37367, TN

How long does it take to sell a home in 37367, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
100 Days78 Days-22.0%

Summary: Homes in 37367 had an average of 78 days on market in Oct 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 37367 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in 37367; 17% of homes were sold within 30 days, 17% 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 13 Days Ago

Newest Listings in 37367, TN

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