Is 37127, 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, 37127 has remained a Seller's Market.
Housing Prices in 37127, TN
How much do homes in 37127, TN cost?
Median Sold Price
$424,983
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37127 was $424,983 in March 2024, down 0.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $283K | $290K | +2.5% |
3 Bedrooms | $399.9K | $399.4K | -0.1% |
4 Bedrooms | $485K | $476.8K | -1.7% |
5+ Bedrooms | $450K | $562.9K | +25.1% |
Summary: 37127 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 increased by 2.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 25.1%.
Housing Supply in 37127, TN
How many homes are available in 37127, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
140 | 156 | +11.4% |
Summary: The 37127 real estate market had 156 homes for sale in March 2024, a 11.4% 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 | 8 | 8 | 0.0% |
3 Bedrooms | 78 | 92 | +17.9% |
4 Bedrooms | 51 | 51 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 37127 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 17.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 36 | +71.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 37127 in March 2024, up by 71.4% month-over-month. Of the 36 sold homes, 31% were sold under asking, 61% were sold at asking, and 8% were sold over asking.
Days on Market for 37127, TN
How long does it take to sell a home in 37127, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 35 Days | -47.2% |
Summary: Homes in 37127 had an average of 35 days on market in Mar 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 37127; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.