Is 37110, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37110 was a Seller's Market.
Housing Prices in 37110, TN
How much do homes in 37110, TN cost?
Median Sold Price
$251,416
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37110 was $251,416 in April 2024, up 3.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $169.9K | +13.3% |
2 Bedrooms | $169.9K | $180K | +5.9% |
3 Bedrooms | $249.9K | $260K | +4.0% |
4 Bedrooms | $292.5K | $279.5K | -4.4% |
5+ Bedrooms | $507.4K | $510K | 0.5% |
Summary: 37110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Zip Codes
37357 | $270K | $345K | +27.8% |
37110 | $243.5K | $251.4K | +3.3% |
Housing Supply in 37110, TN
How many homes are available in 37110, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
202 | 222 | +9.9% |
Summary: The 37110 real estate market had 222 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 141 | 153 | +8.5% |
4 Bedrooms | 32 | 36 | +12.5% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 37110 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 8.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 37110 in April 2024, down by 2.7% month-over-month. Of the 36 sold homes, 47% were sold under asking, 33% were sold at asking, and 19% were sold over asking.
Days on Market for 37110, TN
How long does it take to sell a home in 37110, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 69 Days | -1.1% |
Summary: Homes in 37110 had an average of 69 days on market in Apr 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in 37110; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.