Is 37055, 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, 37055 has remained a Seller's Market.
Housing Prices in 37055, TN
How much do homes in 37055, TN cost?
Median Sold Price
$334,637
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37055 was $334,637 in March 2024, up 4.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $230K | +21.1% |
2 Bedrooms | $220K | $255K | +15.9% |
3 Bedrooms | $320.1K | $334.9K | +4.6% |
4 Bedrooms | $424.9K | $415K | -2.3% |
5+ Bedrooms | $381K | $460.9K | +21.0% |
Summary: 37055 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 21%.
Housing Supply in 37055, TN
How many homes are available in 37055, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 114 | +10.7% |
Summary: The 37055 real estate market had 114 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 67 | 73 | +9.0% |
4 Bedrooms | 22 | 27 | +22.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37055 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 remained the same, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 37055 in March 2024, up by 8.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 37% were sold at asking, and 19% were sold over asking.
Days on Market for 37055, TN
How long does it take to sell a home in 37055, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 21 Days | -23.9% |
Summary: Homes in 37055 had an average of 21 days on market in Mar 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 37055; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.