Is 37760, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37760 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 37760 has remained a Seller's Market.

Key Takeaway

37760 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37760, TN

How much do homes in 37760, TN cost?

Median Sold Price

$300,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+9.1%)

Key Takeaway

Homes in 37760 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 37760 was $300,000 in April 2024, up 9.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $25K-
N/A
2 $187K$179.9K
-3.8%
3 $268.6K$300K
+11.7%
4 $309.9K$299.9K
-3.2%
5+ $335K$338.8K
+1.2%

Summary: 37760 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 3.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

37820
+12.9%
37760
+9.1%
37725
+2.9%
37877
+2.8%
37861
-7.0%

Housing Supply in 37760, TN

How many homes are available in 37760, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4952+6.1%

Summary: The 37760 real estate market had 52 homes for sale in April 2024, a 6.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 2838
+35.7%
4 94
-55.6%
5+ 77
0.0%

Summary: The 37760 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 40%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37760, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 37760 in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% were sold over asking.

Days on Market for 37760, TN

How long does it take to sell a home in 37760, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
74 Days45 Days-39.3%

Summary: Homes in 37760 had an average of 45 days on market in Apr 2024, down by 39.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37760 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 16 homes were sold in 37760; 56% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 1 Day Ago

Newest Listings in 37760, TN

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