Is 37760, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37760 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 37760 has remained a Seller's Market.

Key Takeaway

37760 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37760, TN

How much do homes in 37760, TN cost?

Median Sold Price

$322,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,497(+8.6%)

Key Takeaway

Homes in 37760 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 37760 was $322,500 in November 2024, up 8.6% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $269K-
N/A
2 $175K$192.5K
+10.0%
3 $293.5K$335K
+14.1%
4 $299.9K$300K
0.0%
5+ $323.9K$595K
+83.7%

Summary: 37760 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 14.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 83.7%.

Median Sold Price Compared To Nearby Zip Codes

37820
+11.1%
37760
+8.6%
37877
+6.7%
37725
+2.7%
37861
-12.2%

Housing Supply in 37760, TN

How many homes are available in 37760, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4438-13.6%

Summary: The 37760 real estate market had 38 homes for sale in November 2024, a 13.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2524
-4.0%
4 95
-44.4%
5+ 54
-20.0%

Summary: The 37760 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 decreased by 4%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37760, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 37760 in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for 37760, TN

How long does it take to sell a home in 37760, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days20 Days-53.2%

Summary: Homes in 37760 had an average of 20 days on market in Nov 2024, down by 53.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37760 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 37760; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 37760, TN

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