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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37820 is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

37820 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37820, TN

How much do homes in 37820, TN cost?

Median Sold Price

$350,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+11.1%)

Key Takeaway

Homes in 37820 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 37820 was $350,000 in November 2024, up 11.1% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $152K$235K
+54.6%
3 $329.7K$340K
+3.1%
4 $495.2K$485K
-2.1%
5+ $915K-
N/A

Summary: 37820 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 54.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37871
+17.6%
37820
+11.1%
37760
+8.6%
37709
-2.5%
37861
-12.2%

Housing Supply in 37820, TN

How many homes are available in 37820, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2628+7.7%

Summary: The 37820 real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2220
-9.1%
4 04
+100.0%
5+ 22
0.0%

Summary: The 37820 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 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37820, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 37820 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Nov 2023Nov 2024CHANGE
20 Days17 Days-13.3%

Summary: Homes in 37820 had an average of 17 days on market in Nov 2024, down by 13.3% compared to last year.

Breakdown of Home Sale Times

2 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 37820 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 37820; 67% of homes were sold within 30 days, 33% 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 37820, TN

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