Is 37138, 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, 37138 has remained a Seller's Market.
Housing Prices in 37138, TN
How much do homes in 37138, TN cost?
Median Sold Price
$375,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37138 was $375,000 in March 2024, down 2.6% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $195K | N/A |
2 Bedrooms | $285K | $295K | +3.5% |
3 Bedrooms | $380K | $375.9K | -1.1% |
4 Bedrooms | $536.5K | $525K | -2.1% |
5+ Bedrooms | $733.3K | $600K | -18.2% |
Summary: 37138 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 3.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 18.2%.
Housing Supply in 37138, TN
How many homes are available in 37138, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 123 | +7.0% |
Summary: The 37138 real estate market had 123 homes for sale in March 2024, a 7.0% 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 | 13 | 19 | +46.2% |
3 Bedrooms | 68 | 67 | -1.5% |
4 Bedrooms | 30 | 32 | +6.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 37138 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 46.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 37138 in March 2024, up by 14.8% month-over-month. Of the 31 sold homes, 71% were sold under asking, 13% were sold at asking, and 16% were sold over asking.
Days on Market for 37138, TN
How long does it take to sell a home in 37138, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 30 Days | +7.0% |
Summary: Homes in 37138 had an average of 30 days on market in Mar 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 37138; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.