Is 37167, 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, 37167 has remained a Seller's Market.
Housing Prices in 37167, TN
How much do homes in 37167, TN cost?
Median Sold Price
$414,127
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37167 was $414,127 in February 2024, up 5.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $358K | -10.5% |
2 Bedrooms | $276.7K | $308K | +11.3% |
3 Bedrooms | $369.9K | $374.9K | +1.3% |
4 Bedrooms | $537K | $500.2K | -6.8% |
5+ Bedrooms | $607K | $582K | -4.1% |
Summary: 37167 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 37167, TN
How many homes are available in 37167, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
250 | 246 | -1.6% |
Summary: The 37167 real estate market had 246 homes for sale in February 2024, a 1.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 95 | 98 | +3.2% |
4 Bedrooms | 110 | 99 | -10.0% |
5+ Bedrooms | 29 | 27 | -6.9% |
Summary: The 37167 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 37.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
59 | 53 | -10.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 37167 in February 2024, down by 10.2% month-over-month. Of the 52 sold homes, 42% were sold under asking, 46% were sold at asking, and 12% were sold over asking.
Days on Market for 37167, TN
How long does it take to sell a home in 37167, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 22 Days | -44.9% |
Summary: Homes in 37167 had an average of 22 days on market in Feb 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 53 homes were sold in 37167; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.