$65,000
1.90 Acres
Land
#9971856, David Smith, Listing Office: NextHome Magnolia Realty
Is 37692, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37692 has remained a Seller's Market.
Key Takeaway
37692 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37692, TN
How much do homes in 37692, TN cost?
Median Sold Price
$330,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,250(-0.4%)
Key Takeaway
The sold price of homes in 37692 has remained the same since last year.
Summary: The median home sold price in 37692 was $330,000 in October 2024, down 0.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | - | N/A |
| 2 Bedrooms | $210.6K | $325K | +54.3% |
| 3 Bedrooms | $347K | $320K | -7.8% |
| 4 Bedrooms | $482.4K | $350K | -27.5% |
| 5+ Bedrooms | $400K | $789.9K | +97.5% |
Summary: 37692 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 54.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes increased by 97.5%.
Housing Supply in 37692, TN
How many homes are available in 37692, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The 37692 real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37692 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37692, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37692 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 37692, TN
How long does it take to sell a home in 37692, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 63 Days | +23.4% |
Summary: Homes in 37692 had an average of 63 days on market in Oct 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37692 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 37692; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
