Is 37022, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37022 was a Neutral Market.
Key Takeaway
37022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37022, TN
How much do homes in 37022, TN cost?
Median Sold Price
$390,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37022 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 37022 was $390,000 in April 2024, up 2.7% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $490K | $194K | -60.4% |
| 2 Bedrooms | $252.7K | $409K | +61.8% |
| 3 Bedrooms | $359.9K | $355.5K | -1.2% |
| 4 Bedrooms | $539K | $575K | +6.7% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: 37022 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.4%, 2 bedroom homes increased by 61.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Housing Supply in 37022, TN
How many homes are available in 37022, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The 37022 real estate market had 26 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37022 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37022, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37022 in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 37022, TN
How long does it take to sell a home in 37022, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 90 Days | 40 Days | -54.8% |
Summary: Homes in 37022 had an average of 40 days on market in Apr 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37022 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in 37022; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.