Is 37110, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37110 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 37110 was a Seller's Market.

Key Takeaway

37110 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 37110, TN

How much do homes in 37110, TN cost?

Median Sold Price

$251,416

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,916(+3.3%)

Key Takeaway

Homes in 37110 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 37110 was $251,416 in April 2024, up 3.3% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150K$169.9K
+13.3%
2 $169.9K$180K
+5.9%
3 $249.9K$260K
+4.0%
4 $292.5K$279.5K
-4.4%
5+ $507.4K$510K
0.5%

Summary: 37110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

37357
+27.8%
37110
+3.3%

Housing Supply in 37110, TN

How many homes are available in 37110, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
202222+9.9%

Summary: The 37110 real estate market had 222 homes for sale in April 2024, a 9.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 2026
+30.0%
3 141153
+8.5%
4 3236
+12.5%
5+ 75
-28.6%

Summary: The 37110 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3736-2.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37110, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 37110 in April 2024, down by 2.7% month-over-month. Of the 36 sold homes, 47% were sold under asking, 33% were sold at asking, and 19% were sold over asking.

Days on Market for 37110, TN

How long does it take to sell a home in 37110, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
69 Days69 Days-1.1%

Summary: Homes in 37110 had an average of 69 days on market in Apr 2024, down by 1.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37110 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 36 homes were sold in 37110; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% 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 10 Days Ago

Newest Listings in 37110, TN

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