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 October 2023

Since last year, 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

$250,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$89,000(+55.3%)

Key Takeaway

Homes in 37658 have sold for 55.3% more than they did a year ago.

Summary: The median home sold price in 37658 was $250,000 in October 2024, up 55.3% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $180K$106.2K
-41.0%
2 $120K$163K
+35.8%
3 $185K$283K
+53.0%
4 $245K$288.5K
+17.8%
5+ $240K-
N/A

Summary: 37658 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41%, 2 bedroom homes increased by 35.8%, 3 bedroom homes increased by 53%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37658
+55.3%
37643
+9.1%
37692
-0.4%
37640
-11.4%

Housing Supply in 37658, TN

How many homes are available in 37658, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1213+8.3%

Summary: The 37658 real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 67
+16.7%
4 33
0.0%
5+ 00
0.0%

Summary: The 37658 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37658, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 37658 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Oct 2023Oct 2024CHANGE
60 Days83 Days+37.7%

Summary: Homes in 37658 had an average of 83 days on market in Oct 2024, up by 37.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37658 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 37658; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 37658, TN

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