Is 37664, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37664 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37664 has remained a Seller's Market.

Key Takeaway

37664 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37664, TN

How much do homes in 37664, TN cost?

Median Sold Price

$279,975

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,071(-1.4%)

Key Takeaway

Homes in 37664 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 37664 was $279,975 in October 2024, down 1.4% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $148.9K$174.5K
+17.2%
3 $273.8K$261K
-4.7%
4 $352.8K$370K
+4.9%
5+ $415.8K$464.9K
+11.8%

Summary: 37664 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Zip Codes

37663
+14.5%
37617
+9.4%
37660
+7.5%
37656
+6.5%
37664
-1.4%

Housing Supply in 37664, TN

How many homes are available in 37664, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137125-8.8%

Summary: The 37664 real estate market had 125 homes for sale in October 2024, a 8.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2015
-25.0%
3 6767
0.0%
4 3327
-18.2%
5+ 1716
-5.9%

Summary: The 37664 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3727-27.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37664, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 37664 in October 2024, down by 27.0% month-over-month. Of the 27 sold homes, 56% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market for 37664, TN

How long does it take to sell a home in 37664, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days90 Days+42.1%

Summary: Homes in 37664 had an average of 90 days on market in Oct 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37664 has remained consistent over time.

Summary: During October 2024, 27 homes were sold in 37664; 4% of homes were sold within 30 days, 74% of homes were sold within 30 to 90 days, and 22% 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 37664, TN

Nearby Markets to 37664, TN