The 37040 housing market is somewhat competitive. Homes in 37040 receive 1 offers on average and sell in around 61 days. The median sale price of a home in 37040 was $301K last month, up 0.4% since last year. The median sale price per square foot in 37040 is $176, up 2.9% since last year.
In October 2024, 37040 home prices were up 0.4% compared to last year, selling for a median price of $301K. On average, homes in 37040 sell after 61 days on the market compared to 47 days last year. There were 258 homes sold in October this year, down from 303 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$301,000
+0.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
37040, TN
$301,000
+0.4%
United States
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How hot is the 37040 housing market?
37040 is somewhat competitive. Homes sell in 62.5 days.
0
100
49
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 63 days.
Hot homes
can sell for around list price and go pending in around 37 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 37040 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 37040.
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
37040 has a moderate risk of flooding. 1,706 properties in 37040 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 37040. Flood risk is increasing slower than the national average.
81% of properties are at risk of wildfire over the next 30 years
Fire Factor
37040 has a moderate risk of wildfire. There are 18,663 properties in 37040 that have some risk of being affected by wildfire over the next 30 years. This represents 81% of all properties in 37040.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
37040 has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 37040 is most at risk from hurricanes. 22,913 properties in 37040 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 69 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 79 mph.