$2,369 Closing Credit*
$199,500
2,674 SqFt
3 Beds
•2 Full Baths
#9973449, Jake Bird, Listing Office: Hurd Realty, LLC
Is 37818, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37818 has remained a Seller's Market.
Key Takeaway
37818 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37818, TN
How much do homes in 37818, TN cost?
Median Sold Price
$245,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,100(+22.6%)
Key Takeaway
Homes in 37818 have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in 37818 was $245,000 in October 2024, up 22.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.7K | - | N/A |
| 2 Bedrooms | $140K | $255K | +82.1% |
| 3 Bedrooms | $199.9K | $268.5K | +34.3% |
| 4 Bedrooms | $284.2K | $235K | -17.3% |
| 5+ Bedrooms | - | $227K | N/A |
Summary: 37818 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 82.1%, 3 bedroom homes increased by 34.3%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes did not change.
Housing Supply in 37818, TN
How many homes are available in 37818, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The 37818 real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37818 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37818, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37818 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 37818, TN
How long does it take to sell a home in 37818, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 122 Days | 68 Days | -43.9% |
Summary: Homes in 37818 had an average of 68 days on market in Oct 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37818 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 37818; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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