Is 37130, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 37130 has remained a Seller's Market.
Housing Prices in 37130, TN
How much do homes in 37130, TN cost?
Median Sold Price
$366,514
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37130 was $366,514 in February 2024, up 1.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131.1K | $140K | +6.8% |
2 Bedrooms | $258.2K | $253.4K | -1.9% |
3 Bedrooms | $345.7K | $350K | +1.2% |
4 Bedrooms | $528.3K | $523.2K | -1.0% |
5+ Bedrooms | $649.9K | $650K | 0.0% |
Summary: 37130 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes did not change.
Housing Supply in 37130, TN
How many homes are available in 37130, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
170 | 161 | -5.3% |
Summary: The 37130 real estate market had 161 homes for sale in February 2024, a 5.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 28 | +16.7% |
3 Bedrooms | 72 | 72 | 0.0% |
4 Bedrooms | 57 | 47 | -17.5% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 37130 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 37130 in February 2024, up by 20.0% month-over-month. Of the 35 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 37130, TN
How long does it take to sell a home in 37130, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
26 Days | 28 Days | +9.0% |
Summary: Homes in 37130 had an average of 28 days on market in Feb 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 36 homes were sold in 37130; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.