Is 37756, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37756 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 37756 was a Buyer's Market.

Key Takeaway

37756 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37756, TN

How much do homes in 37756, TN cost?

Median Sold Price

$120,000

$75/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$85,000(-41.5%)

Key Takeaway

Homes in 37756 have sold for 41.5% less than they did a month ago.

Summary: The median home sold price in 37756 was $120,000 in November 2024, down 41.5% from last month, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$250K
N/A
3 -$100K
N/A
4 --
N/A
5+ $205K-
N/A

Summary: 37756 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37756
-41.5%
37755
-42.7%

Housing Supply in 37756, TN

How many homes are available in 37756, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1012+20.0%

Summary: The 37756 real estate market had 12 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 22
0.0%
3 58
+60.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 37756 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37756, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 37756 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37756, TN

How long does it take to sell a home in 37756, TN?

Average Sale Time

Oct 2024Nov 2024CHANGE
192 Days164 Days-14.2%

Summary: Homes in 37756 had an average of 164 days on market in Nov 2024, down by 14.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 37756 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 37756; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 17 Days Ago

Newest Listings in 37756, TN

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