Is 37766, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37766 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 37766 was a Seller's Market.

Key Takeaway

37766 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37766, TN

How much do homes in 37766, TN cost?

Median Sold Price

$260,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,000(+22.1%)

Key Takeaway

Homes in 37766 have sold for 22.1% more than they did a year ago.

Summary: The median home sold price in 37766 was $260,000 in November 2024, up 22.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $90K$140K
+55.6%
2 $152K$195K
+28.3%
3 $214K$253.9K
+18.7%
4 $275K$450K
+63.6%
5+ $900K$777.5K
-13.6%

Summary: 37766 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

37714
+33.9%
37766
+22.1%
37757
+18.5%

Housing Supply in 37766, TN

How many homes are available in 37766, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1201200.0%

Summary: The 37766 real estate market had 120 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2225
+13.6%
3 6762
-7.5%
4 1414
0.0%
5+ 1618
+12.5%

Summary: The 37766 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 increased by 13.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37766, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 37766 in November 2024, down by 27.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.

Days on Market for 37766, TN

How long does it take to sell a home in 37766, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days69 Days+118.2%

Summary: Homes in 37766 had an average of 69 days on market in Nov 2024, up by 118.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37766 has remained consistent over time.

Summary: During November 2024, 13 homes were sold in 37766; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 37766, TN

Nearby Markets to 37766, TN