37690 Housing Market Report January 2025•Washington County, Tennessee

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Housing Prices in 37690, TN

How much do homes in 37690, TN cost?

Housing Market Conditions

Is 37690, 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

37690 is a Seller's Market

Difference Since December 2024

Last month, 37690 was a Buyer's Market.

Insight

37690 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.
$254,500$155/SqFt
+$194,500
+324.2%

Based on all homes sold in January 2025

Insight

Homes in 37690 have sold for 324.2% more than they did a month ago.

Summary: The median home sold price in 37690 was $254,500 in January 2025, up 324.2% from last month, and the median price per square foot was $155.

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.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2-$180K
N/A
3$60K$329.5K
+449.2%
4-$410K
N/A
5--
N/A

Summary: 37690 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +449.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 37690, TN

How many homes are available in 37690, 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
18Last MonthJan 2025
172 months agoDec 2024
+5.9 %
Change MoMDec – Jan

Summary: The 37690 real estate market had 18 homes for sale in Jan 2025, a 5.9 % increase compared to Dec 2024.

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
8Last MonthJan 2025
12 months agoDec 2024
+700.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
100
0.0%
255
0.0%
3910
+11.1%
422
0.0%
511
0.0%

Summary: 37690 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 37690, 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 Price2 Homes

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in 37690, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 37690 in January 2025, up by 700.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and and 25% were sold over asking.

Days on Market for 37690, TN

How long does it take to sell a home in 37690, TN?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days5 Homes

Insight

Most homes in 37690 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 8 homes were sold in 37690; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% 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.
Last Month1 month agoChange MoM
160 DaysLast MonthJan 2025
102 Days1 month agoDec 2024
+57.5 %
Change MoMDec – Jan

Summary: Homes in 37690 had an average listing age of 160 days in Jan 2025, up by 57.5% compared to the previous month.

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Newest Listings in 37690, TN

What homes are available in 37690, TN?

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MLS Disclaimers and Copyright

Based on information from Tennessee Virginia Regional MLS, for the period 12/01/2024 - 02/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 10:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.