Is 37604, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37604 has remained a Seller's Market.
Key Takeaway
37604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37604, TN
How much do homes in 37604, TN cost?
Median Sold Price
$270,266
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37604 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 37604 was $270,266 in April 2024, up 4.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.8K | $167.5K | +17.3% |
| 2 Bedrooms | $179K | $188.5K | +5.3% |
| 3 Bedrooms | $245K | $269.9K | +10.2% |
| 4 Bedrooms | $372.5K | $400K | +7.4% |
| 5+ Bedrooms | $475K | $595K | +25.3% |
Summary: 37604 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 25.3%.
Housing Supply in 37604, TN
How many homes are available in 37604, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 102 | +5.2% |
Summary: The 37604 real estate market had 102 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 37604 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 increased by 26.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37604, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 37604 in April 2024, down by 17.2% month-over-month. Of the 24 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 37604, TN
How long does it take to sell a home in 37604, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 55 Days | -15.4% |
Summary: Homes in 37604 had an average of 55 days on market in Apr 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37604 has remained consistent over time.
Summary: During April 2024, 24 homes were sold in 37604; 21% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
