Is 37419, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37419 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37419 has remained a Seller's Market.

Key Takeaway

37419 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37419, TN

How much do homes in 37419, TN cost?

Median Sold Price

$477,500

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$69,900(+17.1%)

Key Takeaway

Homes in 37419 have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in 37419 was $477,500 in October 2024, up 17.1% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $253.4K$225K
-11.2%
2 $229.9K$225K
-2.1%
3 $342.1K$462.4K
+35.2%
4 $624.9K$727K
+16.3%
5+ $910K$1.2M
+41.8%

Summary: 37419 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 35.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 41.8%.

Median Sold Price Compared To Nearby Zip Codes

37419
+17.1%
37409
+10.2%
37405
+4.4%

Housing Supply in 37419, TN

How many homes are available in 37419, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8692+7.0%

Summary: The 37419 real estate market had 92 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1310
-23.1%
3 4958
+18.4%
4 1515
0.0%
5+ 66
0.0%

Summary: The 37419 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 decreased by 23.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
919+111.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37419, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in 37419 in October 2024, up by 111.1% month-over-month. Of the 19 sold homes, 37% were sold under asking, 47% were sold at asking, and 16% were sold over asking.

Days on Market for 37419, TN

How long does it take to sell a home in 37419, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days42 Days+114.2%

Summary: Homes in 37419 had an average of 42 days on market in Oct 2024, up by 114.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were 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 37419 has remained consistent over time.

Summary: During October 2024, 19 homes were sold in 37419; 5% of homes were sold within 30 days, 26% 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 21 Days Ago

Newest Listings in 37419, TN

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