Is 37725, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37725 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 37725 was a Seller's Market.

Key Takeaway

37725 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37725, TN

How much do homes in 37725, TN cost?

Median Sold Price

$367,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+7.9%)

Key Takeaway

Homes in 37725 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 37725 was $367,000 in October 2024, up 7.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $306K$600K
+96.1%
2 $300K$245K
-18.3%
3 $348.9K$376.4K
+7.9%
4 $365K$357.5K
-2.1%
5+ $299.9K$727K
+142.4%

Summary: 37725 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.1%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 142.4%.

Median Sold Price Compared To Nearby Zip Codes

37890
+36.0%
37725
+7.9%
37760
+7.0%
37877
+7.0%
37876
+4.0%

Housing Supply in 37725, TN

How many homes are available in 37725, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
111112+0.9%

Summary: The 37725 real estate market had 112 homes for sale in October 2024, a 0.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2114
-33.3%
3 5867
+15.5%
4 2220
-9.1%
5+ 88
0.0%

Summary: The 37725 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
229-59.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37725, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 37725 in October 2024, down by 59.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for 37725, TN

How long does it take to sell a home in 37725, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days63 Days+64.5%

Summary: Homes in 37725 had an average of 63 days on market in Oct 2024, up by 64.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37725 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 37725; 44% of homes were sold within 30 days, 33% 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 13 Days Ago

Newest Listings in 37725, TN

Nearby Markets to 37725, TN