Is 37914, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37914 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 37914 has remained a Seller's Market.

Key Takeaway

37914 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37914, TN

How much do homes in 37914, TN cost?

Median Sold Price

$259,833

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,895(+3.5%)

Key Takeaway

Homes in 37914 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 37914 was $259,833 in November 2024, up 3.5% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $234.8K$118K
-49.7%
2 $200K$205K
+2.5%
3 $259K$269.9K
+4.2%
4 $285K$350K
+22.8%
5+ $569.6K$458K
-19.6%

Summary: 37914 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 19.6%.

Median Sold Price Compared To Nearby Zip Codes

37917
+8.5%
37920
+6.3%
37914
+3.5%
37924
+3.1%

Housing Supply in 37914, TN

How many homes are available in 37914, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
115100-13.0%

Summary: The 37914 real estate market had 100 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2721
-22.2%
3 6860
-11.8%
4 1715
-11.8%
5+ 23
+50.0%

Summary: The 37914 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 decreased by 22.2%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2621-19.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37914, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 37914 in November 2024, down by 19.2% month-over-month. Of the 21 sold homes, 52% were sold under asking, 10% were sold at asking, and 38% were sold over asking.

Days on Market for 37914, TN

How long does it take to sell a home in 37914, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days46 Days+141.8%

Summary: Homes in 37914 had an average of 46 days on market in Nov 2024, up by 141.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37914 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in 37914; 52% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 5% 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 23 Days Ago

Newest Listings in 37914, TN

Nearby Markets to 37914, TN