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Sarah Mitchell
Compass Real Estate · ZIP 37323
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37323 ZIP Code Housing Market
$316,348median sale price
What is the 37323 housing market like right now?
The median home sale price in ZIP code 37323 is $316,348, up 9.1% year-over-year. Homes sell in an average of 55 days with 177 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 37323 ZIP code a buyer's or seller's market?
ZIP code 37323 is currently a leaning buyer's and homes selling in about 55 days. How we determine this →
What are the latest 37323 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $316,348 |
| Median list price | $339,900 |
| Year-over-year price change | +9.1% |
| Average days on market | 55 days |
| Active inventory | 177 listings |
| Sale-to-list price ratio | 98.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 37323 zip code, located in Wildwood Lake, TN, is currently classified as a leaning buyer's. The median sale price stands at $316,348, representing a +9.1% change year over year. Homes in this area spend an average of 55 days on the market before going under contract. There are currently 177 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 37323 sits in the Wildwood Lake, TN area, roughly 1.8 miles from downtown Wildwood Lake. Because home prices are set street by street, this ZIP can move differently from Wildwood Lake's citywide averages. The figures below reflect 37323 specifically — drawn from Redfin transactions, U.S. Census data for its 31,948 residents, and Zillow value estimates.
Homes sold
120
Last 12 weeks
Days on market
55
Average pace
Active listings
177
Sale-to-list
98.4%
Below asking
What is driving the 37323 housing market?
The 37323 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 37323 have increased +9.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 37323 stands at $307,218, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,677 per month. This gives a price-to-rent ratio of approximately 15.3, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 37323?
Population
31,948
Median income
$68,768/yr
Median age
40.1 years
Owner-occupied
80.3%
College grads
17.5%
Avg commute
27 min
What is it like living in 37323?
Zip code 37323 is home to approximately 31,948 residents. The median household income is $68,768 per year, which shapes the types of homes and amenities available in the area. With a median age of 40.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 80.3% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 17.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 27 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 37323.
Which public schools serve ZIP 37323?
7 schools tracked · 3,739 students
The largest public schools serving ZIP code 37323 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lake Forest Middle School
Grades 6-8 · 1,174 students
Waterville Community Elementary School
Grades PK-5 · 672 students
Michigan Avenue Elementary School
Grades PK-5 · 453 students
Park View Elementary School
Grades PK-5 · 443 students
Oak Grove Elementary School
Grades PK-5 · 380 students
Valley View Elementary School
Grades PK-5 · 340 students
Taylor Elementary School
Grades PK-5 · 277 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 37323
What is the median home price in 37323?
The current median sale price in 37323 is $316,348, based on recent Redfin transaction data. Prices have changed +9.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 37323 a buyer's or seller's market?
The 37323 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 37323?
Zip code 37323 has a population of approximately 31,948 residents. The median household income is $68,768 per year. About 80.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 37323?
Properties Incorporated provides comprehensive data for 37323 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 37323 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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