Is 37322, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37322 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 37322 has remained a Seller's Market.

Key Takeaway

37322 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37322, TN

How much do homes in 37322, TN cost?

Median Sold Price

$270,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$13,750(+5.4%)

Key Takeaway

Homes in 37322 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 37322 was $270,000 in March 2024, up 5.4% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $185K-
N/A
2 $158K$186.2K
+17.8%
3 $288K$303.7K
+5.5%
4 $245K$360K
+46.9%
5+ $609.5K-
N/A

Summary: 37322 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37321
+19.6%
37322
+5.4%
37303
+4.0%
37308
-6.3%

Housing Supply in 37322, TN

How many homes are available in 37322, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2529+16.0%

Summary: The 37322 real estate market had 29 homes for sale in March 2024, a 16.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1719
+11.8%
4 46
+50.0%
5+ 00
0.0%

Summary: The 37322 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37322, 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 37322 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 37322, TN

How long does it take to sell a home in 37322, TN?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days41 Days+6.0%

Summary: Homes in 37322 had an average of 41 days on market in Mar 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 37322 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in 37322; 17% of homes were sold within 30 days, 17% 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 18 Days Ago

Newest Listings in 37322, TN

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