Is 37724, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37724 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 37724 has remained a Buyer's Market.

Key Takeaway

37724 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 37724, TN

How much do homes in 37724, TN cost?

Median Sold Price

$165,000

$229/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$30,000(-15.4%)

Key Takeaway

Homes in 37724 have sold for 15.4% less than they did a month ago.

Summary: The median home sold price in 37724 was $165,000 in February 2024, down 15.4% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $195K$165K
-15.4%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 37724 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 37724, TN

How many homes are available in 37724, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
89+12.5%

Summary: The 37724 real estate market had 9 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 56
+20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 37724 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37724, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 37724 in February 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 37724, 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 28 Days Ago

Newest Listings in 37724, TN

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