Is 37374, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37374 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 37374 was a Buyer's Market.

Key Takeaway

37374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37374, TN

How much do homes in 37374, TN cost?

Median Sold Price

$750,000

$326/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$264,000(+54.3%)

Key Takeaway

Homes in 37374 have sold for 54.3% more than they did a month ago.

Summary: The median home sold price in 37374 was $750,000 in November 2024, up 54.3% from last month, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$750K
N/A
4 --
N/A
5+ $486K-
N/A

Summary: 37374 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 37374, TN

How many homes are available in 37374, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The 37374 real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 55
0.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The 37374 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 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 37374, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 37374 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 37374, TN

How long does it take to sell a home in 37374, TN?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37374 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 37374; 50% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in 37374, TN

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