Is 37037, 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, 37037 has remained a Seller's Market.
Housing Prices in 37037, TN
How much do homes in 37037, TN cost?
Median Sold Price
$392,200
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37037 was $392,200 in March 2024, down 3.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $367.5K | $266K | -27.6% |
3 Bedrooms | $385K | $366K | -4.9% |
4 Bedrooms | $426K | $435K | +2.1% |
5+ Bedrooms | $680K | $418.5K | -38.5% |
Summary: 37037 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.6%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 38.5%.
Housing Supply in 37037, TN
How many homes are available in 37037, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 71 | -5.3% |
Summary: The 37037 real estate market had 71 homes for sale in March 2024, a 5.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 28 | 25 | -10.7% |
4 Bedrooms | 43 | 43 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 37037 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 37037 in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 44% were sold at asking, and 13% were sold over asking.
Days on Market for 37037, TN
How long does it take to sell a home in 37037, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 60 Days | +47.9% |
Summary: Homes in 37037 had an average of 60 days on market in Mar 2024, up by 47.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 37037; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.