Is 37828, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37828 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 37828 has remained a Seller's Market.

Key Takeaway

37828 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37828, TN

How much do homes in 37828, TN cost?

Median Sold Price

$374,950

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$39,950(+11.9%)

Key Takeaway

Homes in 37828 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 37828 was $374,950 in December 2024, up 11.9% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $280K$294.5K
+5.2%
3 $352.4K$387.4K
+9.9%
4 $323.4K$425K
+31.4%
5+ $506.9K-
N/A

Summary: 37828 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37828
+11.9%
37716
+11.7%
37769
-6.6%
37705
-12.0%

Housing Supply in 37828, TN

How many homes are available in 37828, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
24+100.0%

Summary: The 37828 real estate market had 4 homes for sale in December 2024, a 100.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 37828 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37828, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 37828 in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37828, TN

How long does it take to sell a home in 37828, TN?

Average Sale Time

Dec 2023Dec 2024CHANGE
45 Days3 Days-93.3%

Summary: Homes in 37828 had an average of 3 days on market in Dec 2024, down by 93.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37828 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 37828; 100% of homes were sold within 30 days, 0% 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 6 Days Ago

Newest Listings in 37828, TN

Nearby Markets to 37828, TN