$24,999
0.15 Acres
Land
Kilian Goldin, Listing Office: UPGRADED REALTY, LLC
Is 37601, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37601 has remained a Seller's Market.
Key Takeaway
37601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37601, TN
How much do homes in 37601, TN cost?
Median Sold Price
$260,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,150(+10.2%)
Key Takeaway
Homes in 37601 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 37601 was $260,000 in October 2024, up 10.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.3K | $141K | -49.2% |
| 2 Bedrooms | $170.7K | $184.9K | +8.3% |
| 3 Bedrooms | $235K | $269.9K | +14.9% |
| 4 Bedrooms | $361K | $372.8K | +3.3% |
| 5+ Bedrooms | $442.5K | $675K | +52.5% |
Summary: 37601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 52.5%.
Housing Supply in 37601, TN
How many homes are available in 37601, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 139 | +12.1% |
Summary: The 37601 real estate market had 139 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 30 | 38 | +26.7% |
| 3 Bedrooms | 54 | 56 | +3.7% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 37601 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 38 | +72.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37601, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 37601 in October 2024, up by 72.7% month-over-month. Of the 38 sold homes, 63% were sold under asking, 32% were sold at asking, and 5% were sold over asking.
Days on Market for 37601, TN
How long does it take to sell a home in 37601, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 59 Days | -4.2% |
Summary: Homes in 37601 had an average of 59 days on market in Oct 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37601 has remained consistent over time.
Summary: During October 2024, 38 homes were sold in 37601; 16% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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