$2,518 Closing Credit*
$212,000
1,722 SqFt
2 Beds
•2 Full Baths
#9973083, Tony Vaughn, Listing Office: eXp Realty, LLC
Is 37617, 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, 37617 has remained a Seller's Market.
Key Takeaway
37617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37617, TN
How much do homes in 37617, TN cost?
Median Sold Price
$295,450
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,450(+9.4%)
Key Takeaway
Homes in 37617 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 37617 was $295,450 in October 2024, up 9.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $163.2K | +63.2% |
| 2 Bedrooms | $163.5K | $197K | +20.5% |
| 3 Bedrooms | $249.4K | $270.9K | +8.6% |
| 4 Bedrooms | $410K | $502K | +22.4% |
| 5+ Bedrooms | $653K | $792.4K | +21.4% |
Summary: 37617 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.2%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in 37617, TN
How many homes are available in 37617, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The 37617 real estate market had 46 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 37617 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 44.4%, 3 bedroom homes increased by 16%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37617, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 37617 in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 37617, TN
How long does it take to sell a home in 37617, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 66 Days | +43.7% |
Summary: Homes in 37617 had an average of 66 days on market in Oct 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37617 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 37617; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
