Is 37919, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37919 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 37919 has remained a Seller's Market.

Key Takeaway

37919 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37919, TN

How much do homes in 37919, TN cost?

Median Sold Price

$538,483

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,233(+6.4%)

Key Takeaway

Homes in 37919 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 37919 was $538,483 in October 2024, up 6.4% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168.5K$170K
+0.9%
2 $279K$278.7K
-0.1%
3 $427.5K$506K
+18.4%
4 $763.9K$750K
-1.8%
5+ $1.3M$995K
-26.8%

Summary: 37919 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 26.8%.

Median Sold Price Compared To Nearby Zip Codes

37921
+7.2%
37919
+6.4%
37909
0.0%

Housing Supply in 37919, TN

How many homes are available in 37919, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1361360.0%

Summary: The 37919 real estate market had 136 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 46
+50.0%
2 1719
+11.8%
3 5646
-17.9%
4 5155
+7.8%
5+ 810
+25.0%

Summary: The 37919 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2834+21.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37919, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 37919 in October 2024, up by 21.4% month-over-month. Of the 34 sold homes, 62% were sold under asking, 15% were sold at asking, and 24% were sold over asking.

Days on Market for 37919, TN

How long does it take to sell a home in 37919, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days28 Days+49.6%

Summary: Homes in 37919 had an average of 28 days on market in Oct 2024, up by 49.6% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37919 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 37919; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% 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 14 Days Ago

Newest Listings in 37919, TN

Nearby Markets to 37919, TN