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.
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
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
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
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.