Is 37373, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37373 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37373 has remained a Seller's Market.

Key Takeaway

37373 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37373, TN

How much do homes in 37373, TN cost?

Median Sold Price

$375,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+11.9%)

Key Takeaway

Homes in 37373 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 37373 was $375,000 in October 2024, up 11.9% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$203.5K
N/A
2 $217K$355K
+63.6%
3 $330K$360K
+9.1%
4 $625K$835K
+33.6%
5+ -$995K
N/A

Summary: 37373 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 increased by 63.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37338
+44.3%
37373
+11.9%
37308
+9.0%
37379
+6.9%
37321
-1.5%

Housing Supply in 37373, TN

How many homes are available in 37373, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2321-8.7%

Summary: The 37373 real estate market had 21 homes for sale in October 2024, a 8.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 108
-20.0%
4 99
0.0%
5+ 00
0.0%

Summary: The 37373 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37373, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 37373 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 37373, TN

How long does it take to sell a home in 37373, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
74 Days62 Days-16.8%

Summary: Homes in 37373 had an average of 62 days on market in Oct 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 37373 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 37373; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 37373, TN

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