Is 37075, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37075 has remained a Seller's Market.
Housing Prices in 37075, TN
How much do homes in 37075, TN cost?
Median Sold Price
$491,088
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37075 was $491,088 in April 2024, up 2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | - | N/A |
2 Bedrooms | $405.9K | $404.9K | -0.2% |
3 Bedrooms | $425.8K | $424.9K | -0.2% |
4 Bedrooms | $614.9K | $599.9K | -2.4% |
5+ Bedrooms | $745K | $722.7K | -3.0% |
Summary: 37075 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 37075, TN
How many homes are available in 37075, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
309 | 370 | +19.7% |
Summary: The 37075 real estate market had 370 homes for sale in April 2024, a 19.7% increase 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 | 20 | 26 | +30.0% |
3 Bedrooms | 140 | 165 | +17.9% |
4 Bedrooms | 123 | 143 | +16.3% |
5+ Bedrooms | 26 | 36 | +38.5% |
Summary: The 37075 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 30%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 78 | +36.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in 37075 in April 2024, up by 36.8% month-over-month. Of the 78 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for 37075, TN
How long does it take to sell a home in 37075, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 16 Days | -3.4% |
Summary: Homes in 37075 had an average of 16 days on market in Apr 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 78 homes were sold in 37075; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.