Is 37186, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37186 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 37186 was a Seller's Market.

Key Takeaway

37186 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 37186, TN

How much do homes in 37186, TN cost?

Median Sold Price

$299,900

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$8,900(+3.1%)

Key Takeaway

Homes in 37186 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 37186 was $299,900 in April 2024, up 3.1% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $180K$197K
+9.4%
3 $293.2K$307.5K
+4.9%
4 $372.5K$320K
-14.1%
5+ $420.8K$250K
-40.6%

Summary: 37186 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 40.6%.

Median Sold Price Compared To Nearby Zip Codes

37074
+11.7%
37186
+3.1%
37022
+2.7%
37083
+0.9%

Housing Supply in 37186, TN

How many homes are available in 37186, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3542+20.0%

Summary: The 37186 real estate market had 42 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 2829
+3.6%
4 25
+150.0%
5+ 01
+100.0%

Summary: The 37186 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 50%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37186, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 37186 in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 37186, TN

How long does it take to sell a home in 37186, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
53 Days52 Days-1.2%

Summary: Homes in 37186 had an average of 52 days on market in Apr 2024, down by 1.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 37186 has remained consistent over time.

Summary: During April 2024, 6 homes were sold in 37186; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 37186, TN

Nearby Markets to 37186, TN