Is 37379, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37379 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 37379 has remained a Seller's Market.

Key Takeaway

37379 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37379, TN

How much do homes in 37379, TN cost?

Median Sold Price

$373,750

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,750(+6.8%)

Key Takeaway

Homes in 37379 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 37379 was $373,750 in November 2024, up 6.8% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$135K
-61.4%
2 $197.5K$230K
+16.5%
3 $335.4K$347K
+3.4%
4 $455.4K$540K
+18.6%
5+ $665.3K$695K
+4.5%

Summary: 37379 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.4%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

37373
+18.2%
37379
+6.8%
37343
+5.7%
37341
+3.9%

Housing Supply in 37379, TN

How many homes are available in 37379, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
184174-5.4%

Summary: The 37379 real estate market had 174 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2019
-5.0%
3 10098
-2.0%
4 5545
-18.2%
5+ 912
+33.3%

Summary: The 37379 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 decreased by 5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4150+22.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37379, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in 37379 in November 2024, up by 22.0% month-over-month. Of the 50 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.

Days on Market for 37379, TN

How long does it take to sell a home in 37379, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days62 Days+41.9%

Summary: Homes in 37379 had an average of 62 days on market in Nov 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37379 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 50 homes were sold in 37379; 20% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

Newest Listings in 37379, TN

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