Is 37370, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37370 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 37370 was a Neutral Market.

Key Takeaway

37370 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37370, TN

How much do homes in 37370, TN cost?

Median Sold Price

$316,750

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,250(+8.3%)

Key Takeaway

Homes in 37370 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 37370 was $316,750 in April 2024, up 8.3% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $180K$57.5K
-68.1%
3 $306.9K$284.7K
-7.2%
4 $253.5K$475K
+87.4%
5+ $402.2K$462.5K
+15.0%

Summary: 37370 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 decreased by 68.1%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 87.4%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

37370
+8.3%
37331
+4.3%
37303
-1.6%
37325
-34.5%

Housing Supply in 37370, TN

How many homes are available in 37370, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1315+15.4%

Summary: The 37370 real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 22
0.0%
3 79
+28.6%
4 33
0.0%
5+ 00
0.0%

Summary: The 37370 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37370, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37370 in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 37370, TN

How long does it take to sell a home in 37370, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days475 Days+4650.0%

Summary: Homes in 37370 had an average of 475 days on market in Apr 2024, up by 4650% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 37370 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 2 homes were sold in 37370; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 9 Days Ago

Newest Listings in 37370, TN

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