Is 37042, 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, 37042 has remained a Seller's Market.
Key Takeaway
37042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37042, TN
How much do homes in 37042, TN cost?
Median Sold Price
$289,560
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37042 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 37042 was $289,560 in March 2024, up 1.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $177.5K | +34.0% |
| 2 Bedrooms | $177.8K | $175K | -1.6% |
| 3 Bedrooms | $265K | $274.9K | +3.8% |
| 4 Bedrooms | $341.5K | $342K | 0.1% |
| 5+ Bedrooms | $395K | $400K | +1.3% |
Summary: 37042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 37042, TN
How many homes are available in 37042, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 635 | 679 | +6.9% |
Summary: The 37042 real estate market had 679 homes for sale in March 2024, a 6.9% increase 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 | 13 | 10 | -23.1% |
| 3 Bedrooms | 426 | 471 | +10.6% |
| 4 Bedrooms | 150 | 152 | +1.3% |
| 5+ Bedrooms | 46 | 46 | 0.0% |
Summary: The 37042 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 23.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 146 | +24.8% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37042, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 146 homes were sold or pending in 37042 in March 2024, up by 24.8% month-over-month. Of the 145 sold homes, 34% were sold under asking, 48% were sold at asking, and 18% were sold over asking.
Days on Market for 37042, TN
How long does it take to sell a home in 37042, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 45 Days | +15.2% |
Summary: Homes in 37042 had an average of 45 days on market in Mar 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37042 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 146 homes were sold in 37042; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% 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. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.