Is 37660, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37660 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37660 has remained a Seller's Market.

Key Takeaway

37660 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37660, TN

How much do homes in 37660, TN cost?

Median Sold Price

$240,210

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,695(+7.5%)

Key Takeaway

Homes in 37660 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 37660 was $240,210 in October 2024, up 7.5% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $83K$105.7K
+27.4%
2 $132.2K$156K
+18.0%
3 $216K$230.8K
+6.9%
4 $301.5K$349.4K
+15.9%
5+ $361.5K$468.5K
+29.6%

Summary: 37660 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 29.6%.

Median Sold Price Compared To Nearby Zip Codes

37645
+15.4%
37660
+7.5%
37665
+1.8%
24290
+1.5%
37664
-1.4%

Housing Supply in 37660, TN

How many homes are available in 37660, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
184201+9.2%

Summary: The 37660 real estate market had 201 homes for sale in October 2024, a 9.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3034
+13.3%
3 94107
+13.8%
4 5049
-2.0%
5+ 910
+11.1%

Summary: The 37660 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 13.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4136-12.2%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37660, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 37660 in October 2024, down by 12.2% month-over-month. Of the 36 sold homes, 58% were sold under asking, 14% were sold at asking, and 28% were sold over asking.

Days on Market for 37660, TN

How long does it take to sell a home in 37660, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days57 Days+28.3%

Summary: Homes in 37660 had an average of 57 days on market in Oct 2024, up by 28.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37660 has remained consistent over time.

Summary: During October 2024, 36 homes were sold in 37660; 6% of homes were sold within 30 days, 81% of homes were sold within 30 to 90 days, and 14% 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 22 Days Ago

Newest Listings in 37660, TN

Nearby Markets to 37660, TN