Is 37062, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37062 is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, 37062 has remained a Seller's Market.

Key Takeaway

37062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 37062, TN cost?

Median Sold Price

$465,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$82,859(+21.7%)

Key Takeaway

Homes in 37062 have sold for 21.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $256.2K$492K
+92.0%
2 $345K$270K
-21.7%
3 $364.5K$428.6K
+17.6%
4 $437.2K$595.3K
+36.1%
5+ $540K$719.9K
+33.3%

Median Sold Price Compared To Nearby Zip Codes

37062
+21.7%
37029
+20.7%
37082
+16.4%

How many homes are available in 37062, TN?

Number of Homes For Sale

Nov 2022Dec 2022%
9794-3.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 22
0.0%
3 5450
-7.4%
4 3435
+2.9%
5+ 77
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1530+100.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37062, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
6 Days37 Days+480.2%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37062 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 37062, TN

37062, TN has 94 homes for sale to choose from. The inventory of homes for sale in 37062, TN between November 2022 and December 2022 decreased by 3.1%. Listings spent 37 days on the market in December 2022, and had a median list price of $465,000 during the same period. Listing prices have changed in this real estate market between November 2022 and December 2022: 1 bedroom properties became 92% more expensive, 2 bedrooms properties became 21.7% more cheaper, the cost of 3 bedrooms properties went up by 17.6%, 4 bedrooms properties prices increased by 36.1%, 5 bedrooms properties became 33.3% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 7.4% less available, number of 4 bedrooms homes increased by 2.9%, volume of 5 bedrooms homes stayed the same. In December 2022 more than 11 listings in 37062, TN were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 14 were sold below.