Is 37921, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37921 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 37921 has remained a Seller's Market.

Key Takeaway

37921 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37921, TN

How much do homes in 37921, TN cost?

Median Sold Price

$306,056

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,056(+5.5%)

Key Takeaway

Homes in 37921 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 37921 was $306,056 in November 2024, up 5.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $170K$189.9K
+11.7%
2 $202.5K$230K
+13.6%
3 $292.2K$315K
+7.8%
4 $315.5K$355K
+12.5%
5+ $363.3K$399.5K
+10.0%

Summary: 37921 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

37912
+8.4%
37919
+8.4%
37921
+5.5%
37909
+1.7%

Housing Supply in 37921, TN

How many homes are available in 37921, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107106-0.9%

Summary: The 37921 real estate market had 106 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3128
-9.7%
3 5756
-1.8%
4 1718
+5.9%
5+ 24
+100.0%

Summary: The 37921 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 9.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37921, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 37921 in November 2024, up by 16.7% month-over-month. Of the 28 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.

Days on Market for 37921, TN

How long does it take to sell a home in 37921, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days28 Days+98.7%

Summary: Homes in 37921 had an average of 28 days on market in Nov 2024, up by 98.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37921 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 28 homes were sold in 37921; 61% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 4% 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 17 Days Ago

Newest Listings in 37921, TN

Nearby Markets to 37921, TN