Is 37060, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37060 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 37060 was a Seller's Market.

Key Takeaway

37060 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37060, TN

How much do homes in 37060, TN cost?

Median Sold Price

$508,987

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$70,796(-12.2%)

Key Takeaway

Homes in 37060 have sold for 12.2% less than they did a year ago.

Summary: The median home sold price in 37060 was $508,987 in February 2024, down 12.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $575K$270K
-53.0%
3 $836.2K$465K
-44.4%
4 $556.7K$816.5K
+46.7%
5+ $593K$880.1K
+48.4%

Summary: 37060 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 48.4%.

Median Sold Price Compared To Nearby Zip Codes

37046
+31.1%
37034
-2.6%
37153
-11.7%
37060
-12.2%

Housing Supply in 37060, TN

How many homes are available in 37060, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
10100.0%

Summary: The 37060 real estate market had 10 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 65
-16.7%
4 32
-33.3%
5+ 11
0.0%

Summary: The 37060 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37060, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 37060 in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 37060, TN

How long does it take to sell a home in 37060, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
56 Days75 Days+33.1%

Summary: Homes in 37060 had an average of 75 days on market in Feb 2024, up by 33.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37060 has remained consistent over time.

Summary: During February 2024, 1 homes were sold in 37060; 0% of homes were sold within 30 days, 100% 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 27 Days Ago

Newest Listings in 37060, TN

Nearby Markets to 37060, TN