Is 37062, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $256.2K | $492K | +92.0% |
| 2 Bedrooms | $345K | $270K | -21.7% |
| 3 Bedrooms | $364.5K | $428.6K | +17.6% |
| 4 Bedrooms | $437.2K | $595.3K | +36.1% |
| 5+ Bedrooms | $540K | $719.9K | +33.3% |
How many homes are available in 37062, TN?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 97 | 94 | -3.1% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 54 | 50 | -7.4% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 15 | 30 | +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
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 2021 | Dec 2022 | % |
|---|---|---|
| 6 Days | 37 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
Key Takeaway
Many homes in 37062 are selling fast, if you're buying plan to act quickly.
© 2023 of the REALTRACS MLS. All rights Reserved.