Is 37820, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37820 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37820 has remained a Seller's Market.

Key Takeaway

37820 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37820, TN

How much do homes in 37820, TN cost?

Median Sold Price

$400,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$120,000(+42.9%)

Key Takeaway

Homes in 37820 have sold for 42.9% more than they did a year ago.

Summary: The median home sold price in 37820 was $400,000 in October 2024, up 42.9% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $158.5K$235K
+48.3%
3 $315K$375K
+19.0%
4 $495.2K$485K
-2.1%
5+ $915K-
N/A

Summary: 37820 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 48.3%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37820
+42.9%
37871
+18.5%
37760
+7.0%
37861
-7.7%
37709
-10.4%

Housing Supply in 37820, TN

How many homes are available in 37820, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
27270.0%

Summary: The 37820 real estate market had 27 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2222
0.0%
4 00
0.0%
5+ 22
0.0%

Summary: The 37820 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37820, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 37820 in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for 37820, TN

How long does it take to sell a home in 37820, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days73 Days+834.0%

Summary: Homes in 37820 had an average of 73 days on market in Oct 2024, up by 834% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37820 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 37820; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 13 Days Ago

Newest Listings in 37820, TN

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