Is 37080, 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, 37080 has remained a Seller's Market.
Housing Prices in 37080, TN
How much do homes in 37080, TN cost?
Median Sold Price
$406,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37080 was $406,000 in March 2024, down 0.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | - | N/A |
2 Bedrooms | $315K | $312.5K | -0.8% |
3 Bedrooms | $400K | $425K | +6.3% |
4 Bedrooms | $470K | $431.6K | -8.2% |
5+ Bedrooms | $470K | $425K | -9.6% |
Summary: 37080 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 0.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 37080, TN
How many homes are available in 37080, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 34 | -10.5% |
Summary: The 37080 real estate market had 34 homes for sale in March 2024, a 10.5% 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 | 2 | +100.0% |
3 Bedrooms | 25 | 21 | -16.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 37080 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 increased by 100%, 3 bedroom homes decreased by 16%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 37080 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 37080, TN
How long does it take to sell a home in 37080, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 15 Days | -32.9% |
Summary: Homes in 37080 had an average of 15 days on market in Mar 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 37080; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.