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37221 Housing Market Report July 2025•Davidson County, Tennessee

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Housing Prices in 37221, TN

How much do homes in 37221, TN cost?

Housing Market Conditions

Is 37221, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

37221 is a Seller's Market

Difference Since July 2024

Since last year, 37221 has remained a Seller's Market.

Insight

37221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$491,250$248/SqFt
+$13,250
+2.8%

Based on all homes sold in the last 12 months

Insight

Homes in 37221 have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in 37221 was $491,250 in July 2025, up 2.8% from last year, and the median price per square foot was $248.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
37069
+10.1%
37221
+2.8%
37209
-0.8%
37205
-1.5%
37215
-4.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJul 2024Jul 2025Change YoY
1$217.5K$176.2K
-19.0%
2$380K$322.5K
-15.1%
3$475K$470K
-1.1%
4$670K$675K
+0.7%
5$842.5K$879.7K
+4.4%

Summary: 37221 housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -19.0%. The home price for 2 bedroom homes decreased by -15.1%. The home price for 3 bedroom homes decreased by -1.1%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes increased by +4.4%.

How does 37221, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

37221, TN

Housing supply in 37221, TN

How many homes are available in 37221, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
356Last MonthJul 2025
3582 months agoJun 2025
-0.6 %
Change MoMJun – Jul

Summary: The 37221 real estate market had 356 homes for sale in Jul 2025, a 0.6 % decrease compared to Jun 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
60Last MonthJul 2025
712 months agoJun 2025
-15.5 %
Change MoMJun – Jul

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJun 2025Jul 2025Change MoM
11515
0.0%
27071
+1.4%
3128122
-4.7%
4100105
+5.0%
54543
-4.4%

Summary: 37221 housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +1.4%. The inventory for 3 bedroom homes decreased by -4.7%. The inventory for 4 bedroom homes increased by +5.0%. The inventory for 5 bedroom homes decreased by -4.4%.

Asking Price vs. Sold Price

How much do homes in 37221, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price12 Homes

Under Asking Price41 Homes

Insight

If you're buying a home in 37221, you may be able to get a good deal. 69.5% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in 37221 in July 2025, down by 15.5% month-over-month. Of the 59 sold homes, 69% were sold under asking, 20% were sold at asking, and and 10% were sold over asking.

Days on Market for 37221, TN

How long does it take to sell a home in 37221, TN?

Breakdown of Home Sale Times

Under 30 Days36 Homes

30 – 90 Days19 Homes

Over 90 Days4 Homes

Insight

Many homes in 37221 are selling fast, if you're buying plan to act quickly.

Summary: During July 2025, 60 homes were sold in 37221; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
33 DaysThis YearJul 2025
24 Days1 year agoJul 2024
+40.1 %
Change YoYJul 2024 – Jul 2025

Summary: Homes in 37221 had an average listing age of 33 days in Jul 2025, up by 40.1% compared to the previous year.

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Newest Listings in 37221, TN

What homes are available in 37221, TN?

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MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, Memphis MLS, and Upper Cumberland MLS for the period 08/01/2023 - 08/01/2025

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of date and time noted below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 4:48:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 1:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Upper Cumberland Board of Realtors. All rights reserved. The data relating to real estate for sale on this website comes from Upper Cumberland Board of Realtors. Information is for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Information deemed to be reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 1:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.