Is 37841, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37841 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 37841 has remained a Buyer's Market.

Key Takeaway

37841 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37841, TN

How much do homes in 37841, TN cost?

Median Sold Price

$230,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,500(+1.1%)

Key Takeaway

Homes in 37841 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 37841 was $230,000 in November 2024, up 1.1% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$175.1K
N/A
2 $150K$177K
+18.0%
3 $234.9K$215K
-8.5%
4 $247K$322K
+30.4%
5+ $155K$814.7K
+425.6%

Summary: 37841 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 18%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 425.6%.

Housing Supply in 37841, TN

How many homes are available in 37841, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5255+5.8%

Summary: The 37841 real estate market had 55 homes for sale in November 2024, a 5.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 66
0.0%
3 2527
+8.0%
4 1416
+14.3%
5+ 55
0.0%

Summary: The 37841 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 37841, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37841 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37841, TN

How long does it take to sell a home in 37841, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days175 Days+198.3%

Summary: Homes in 37841 had an average of 175 days on market in Nov 2024, up by 198.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 37841 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in 37841; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 37841, TN

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