Is 37338, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37338 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 37338 was a Seller's Market.

Key Takeaway

37338 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 37338, TN

How much do homes in 37338, TN cost?

Median Sold Price

$242,900

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$43,000(+21.5%)

Key Takeaway

Homes in 37338 have sold for 21.5% more than they did a year ago.

Summary: The median home sold price in 37338 was $242,900 in March 2024, up 21.5% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $172K$265K
+54.1%
3 $212K$234.9K
+10.8%
4 $199.9K$280K
+40.1%
5+ --
N/A

Summary: 37338 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 54.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

37338
+21.5%
37321
+19.6%
37379
+3.0%
37327
-0.5%

Housing Supply in 37338, TN

How many homes are available in 37338, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
812+50.0%

Summary: The 37338 real estate market had 12 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 46
+50.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The 37338 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37338, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 37338 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 37338, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 22 Days Ago

Newest Listings in 37338, TN

Nearby Markets to 37338, TN