Is 37015, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 37015 has remained a Seller's Market.
Housing Prices in 37015, TN
How much do homes in 37015, TN cost?
Median Sold Price
$345,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37015 was $345,000 in March 2024, up 3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.9K | $221K | +10.6% |
2 Bedrooms | $299.7K | $353K | +17.8% |
3 Bedrooms | $330K | $340K | +3.0% |
4 Bedrooms | $485K | $449K | -7.4% |
5+ Bedrooms | $440K | $479.9K | +9.1% |
Summary: 37015 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 37015, TN
How many homes are available in 37015, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 98 | +7.7% |
Summary: The 37015 real estate market had 98 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 64 | 64 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37015 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 26 | +85.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 37015 in March 2024, up by 85.7% month-over-month. Of the 26 sold homes, 58% were sold under asking, 35% were sold at asking, and 8% were sold over asking.
Days on Market for 37015, TN
How long does it take to sell a home in 37015, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 48 Days | +95.0% |
Summary: Homes in 37015 had an average of 48 days on market in Mar 2024, up by 95% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 37015; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.