Is 37128, 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, 37128 has remained a Seller's Market.
Housing Prices in 37128, TN
How much do homes in 37128, TN cost?
Median Sold Price
$417,626
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37128 was $417,626 in April 2024, down 0.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $293.7K | $297K | +1.1% |
3 Bedrooms | $389.1K | $389K | 0% |
4 Bedrooms | $510.6K | $504K | -1.3% |
5+ Bedrooms | $599.8K | $585.4K | -2.4% |
Summary: 37128 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 increased by 1.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 37128, TN
How many homes are available in 37128, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
364 | 371 | +1.9% |
Summary: The 37128 real estate market had 371 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 33 | 32 | -3.0% |
3 Bedrooms | 158 | 176 | +11.4% |
4 Bedrooms | 133 | 128 | -3.8% |
5+ Bedrooms | 39 | 34 | -12.8% |
Summary: The 37128 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 decreased by 3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 12.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 95 | +5.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in 37128 in April 2024, up by 5.6% month-over-month. Of the 95 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 37128, TN
How long does it take to sell a home in 37128, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 23 Days | -36.2% |
Summary: Homes in 37128 had an average of 23 days on market in Apr 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 95 homes were sold in 37128; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.