Is 37804, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37804 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 37804 has remained a Seller's Market.

Key Takeaway

37804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37804, TN

How much do homes in 37804, TN cost?

Median Sold Price

$327,920

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,545(+6.7%)

Key Takeaway

Homes in 37804 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 37804 was $327,920 in February 2024, up 6.7% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $189.4K$169.9K
-10.3%
2 $188.7K$240.5K
+27.4%
3 $310K$330K
+6.5%
4 $425K$448.6K
+5.6%
5+ $420K$454.9K
+8.3%

Summary: 37804 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

37853
+19.5%
37701
+15.2%
37886
+14.5%
37803
+11.4%
37804
+6.7%

Housing Supply in 37804, TN

How many homes are available in 37804, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
133131-1.5%

Summary: The 37804 real estate market had 131 homes for sale in February 2024, a 1.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 1723
+35.3%
3 7567
-10.7%
4 2926
-10.3%
5+ 1012
+20.0%

Summary: The 37804 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 35.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3533-5.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37804, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 37804 in February 2024, down by 5.7% month-over-month. Of the 33 sold homes, 45% were sold under asking, 24% were sold at asking, and 30% were sold over asking.

Days on Market for 37804, 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 37804, TN

Nearby Markets to 37804, TN