Is 37618, 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, 37618 has remained a Seller's Market.
Key Takeaway
37618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37618, TN
How much do homes in 37618, TN cost?
Median Sold Price
$259,950
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37618 have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in 37618 was $259,950 in April 2024, down 0.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.4K | $118.2K | +10.0% |
| 2 Bedrooms | $186K | $185K | -0.5% |
| 3 Bedrooms | $277.5K | $263K | -5.2% |
| 4 Bedrooms | $382K | $475.9K | +24.6% |
| 5+ Bedrooms | $490K | $510K | +4.1% |
Summary: 37618 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 37618, TN
How many homes are available in 37618, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 46 | +17.9% |
Summary: The 37618 real estate market had 46 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 37618 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 decreased by 12.5%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37618, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 37618 in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for 37618, TN
How long does it take to sell a home in 37618, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 51 Days | +20.7% |
Summary: Homes in 37618 had an average of 51 days on market in Apr 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37618 has remained consistent over time.
Summary: During April 2024, 9 homes were sold in 37618; 11% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.