Is 37381, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37381 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 37381 was a Seller's Market.

Key Takeaway

37381 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37381, TN

How much do homes in 37381, TN cost?

Median Sold Price

$335,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,000(+10.6%)

Key Takeaway

Homes in 37381 have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in 37381 was $335,000 in February 2024, up 10.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $139.9K$434.5K
+210.6%
2 $285K$195K
-31.6%
3 $295K$297K
+0.7%
4 $625K$425K
-32.0%
5+ $490K$549.9K
+12.2%

Summary: 37381 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 210.6%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Zip Codes

37322
+15.3%
37381
+10.6%

Housing Supply in 37381, TN

How many homes are available in 37381, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5652-7.1%

Summary: The 37381 real estate market had 52 homes for sale in February 2024, a 7.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 3432
-5.9%
4 1110
-9.1%
5+ 77
0.0%

Summary: The 37381 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37381, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 37381 in February 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for 37381, TN

How long does it take to sell a home in 37381, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days17 Days-53.2%

Summary: Homes in 37381 had an average of 17 days on market in Feb 2024, down by 53.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 37381 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 37381; 29% of homes were sold within 30 days, 14% 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 27 Days Ago

Newest Listings in 37381, TN

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