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 5 Days Ago

Newest Listings in 37660, TN

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