Is 37658, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37658 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 37658 has remained a Seller's Market.

Key Takeaway

37658 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37658, TN

How much do homes in 37658, TN cost?

Median Sold Price

$310,000

$274/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$105,000(+51.2%)

Key Takeaway

Homes in 37658 have sold for 51.2% more than they did a month ago.

Summary: The median home sold price in 37658 was $310,000 in December 2024, up 51.2% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $83K$320K
+285.5%
3 $319.9K$300K
-6.2%
4 --
N/A
5+ --
N/A

Summary: 37658 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 285.5%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37658
+51.2%
37640
-0.4%

Housing Supply in 37658, TN

How many homes are available in 37658, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
119-18.2%

Summary: The 37658 real estate market had 9 homes for sale in December 2024, a 18.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 65
-16.7%
4 21
-50.0%
5+ 00
0.0%

Summary: The 37658 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37658, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37658 in December 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 37658, TN

How long does it take to sell a home in 37658, TN?

Average Sale Time

Nov 2024Dec 2024CHANGE
80 Days18 Days-77.6%

Summary: Homes in 37658 had an average of 18 days on market in Dec 2024, down by 77.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37658 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 37658; 50% of homes were sold within 30 days, 50% 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 10 Days Ago

Newest Listings in 37658, TN

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