Is 37643, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37643 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37643 has remained a Seller's Market.

Key Takeaway

37643 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37643, TN

How much do homes in 37643, TN cost?

Median Sold Price

$235,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,566(+9.1%)

Key Takeaway

Homes in 37643 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 37643 was $235,000 in October 2024, up 9.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $72K$137.5K
+91.0%
2 $168.5K$180K
+6.8%
3 $237.9K$238.4K
0.2%
4 $315K$313.3K
-0.5%
5+ $340K$461K
+35.6%

Summary: 37643 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 35.6%.

Median Sold Price Compared To Nearby Zip Codes

37658
+55.3%
37618
+17.9%
37643
+9.1%
37640
-11.4%

Housing Supply in 37643, TN

How many homes are available in 37643, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121135+11.6%

Summary: The 37643 real estate market had 135 homes for sale in October 2024, a 11.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2532
+28.0%
3 6669
+4.5%
4 2126
+23.8%
5+ 87
-12.5%

Summary: The 37643 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 increased by 28%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2830+7.1%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37643, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 37643 in October 2024, up by 7.1% month-over-month. Of the 30 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% were sold over asking.

Days on Market for 37643, TN

How long does it take to sell a home in 37643, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days86 Days+18.3%

Summary: Homes in 37643 had an average of 86 days on market in Oct 2024, up by 18.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37643 has remained consistent over time.

Summary: During October 2024, 30 homes were sold in 37643; 7% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 40% 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 4 Days Ago

Newest Listings in 37643, TN

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