Is 37367, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37367 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 37367 was a Seller's Market.

Key Takeaway

37367 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37367, TN

How much do homes in 37367, TN cost?

Median Sold Price

$245,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,000(+4.7%)

Key Takeaway

Homes in 37367 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 37367 was $245,000 in February 2024, up 4.7% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $57K$230K
+303.5%
2 $165K$169.9K
+3.0%
3 $245K$249K
+1.6%
4 $316.5K$308K
-2.7%
5+ $350K$837.5K
+139.3%

Summary: 37367 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 303.5%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 139.3%.

Median Sold Price Compared To Nearby Zip Codes

37321
+23.5%
38572
+10.0%
37367
+4.7%

Housing Supply in 37367, TN

How many homes are available in 37367, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4144+7.3%

Summary: The 37367 real estate market had 44 homes for sale in February 2024, a 7.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 1315
+15.4%
3 1717
0.0%
4 910
+11.1%
5+ 21
-50.0%

Summary: The 37367 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37367, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 37367 in February 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37367, 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 27 Days Ago

Newest Listings in 37367, TN

Nearby Markets to 37367, TN