Is 37764, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37764 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 37764 has remained a Seller's Market.

Key Takeaway

37764 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37764, TN

How much do homes in 37764, TN cost?

Median Sold Price

$405,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,100(+2.6%)

Key Takeaway

Homes in 37764 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 37764 was $405,000 in November 2024, up 2.6% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$317.5K
N/A
2 $259K$379.7K
+46.6%
3 $381.4K$400K
+4.9%
4 $569.5K$670K
+17.6%
5+ $409.5K$750K
+83.1%

Summary: 37764 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 46.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 83.1%.

Median Sold Price Compared To Nearby Zip Codes

37871
+17.6%
37820
+11.1%
37914
+3.5%
37764
+2.6%
37876
-0.3%

Housing Supply in 37764, TN

How many homes are available in 37764, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4843-10.4%

Summary: The 37764 real estate market had 43 homes for sale in November 2024, a 10.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1311
-15.4%
3 2628
+7.7%
4 53
-40.0%
5+ 31
-66.7%

Summary: The 37764 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37764, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 37764 in November 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.

Days on Market for 37764, TN

How long does it take to sell a home in 37764, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
102 Days36 Days-64.7%

Summary: Homes in 37764 had an average of 36 days on market in Nov 2024, down by 64.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37764 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 37764; 56% of homes were sold within 30 days, 22% 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 21 Days Ago

Newest Listings in 37764, TN

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