Is 37866, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37866 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 37866 was a Seller's Market.

Key Takeaway

37866 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 37866, TN

How much do homes in 37866, TN cost?

Median Sold Price

$707,500

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$252,500(+55.5%)

Key Takeaway

Homes in 37866 have sold for 55.5% more than they did a year ago.

Summary: The median home sold price in 37866 was $707,500 in April 2024, up 55.5% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$615K
N/A
2 $251.5K$446.7K
+77.6%
3 $455K$675K
+48.4%
4 $698.5K$880K
+26.0%
5+ $1.0M$1.4M
+40.5%

Summary: 37866 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 increased by 77.6%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 40.5%.

Median Sold Price Compared To Nearby Zip Codes

37866
+55.5%
37705
+7.2%
37807
+5.4%
37825
-0.7%
37870
-2.0%

Housing Supply in 37866, TN

How many homes are available in 37866, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1112+9.1%

Summary: The 37866 real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 56
+20.0%
4 44
0.0%
5+ 22
0.0%

Summary: The 37866 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 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

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37866, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 37866 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37866, TN

How long does it take to sell a home in 37866, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
1 Day62 Days+6150.0%

Summary: Homes in 37866 had an average of 62 days on market in Apr 2024, up by 6150% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 37866 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 37866; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 6 Days Ago

Newest Listings in 37866, TN

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