Is 37172, 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, 37172 has remained a Seller's Market.
Housing Prices in 37172, TN
How much do homes in 37172, TN cost?
Median Sold Price
$339,166
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37172 was $339,166 in March 2024, up 3.3% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $321.2K | +83.6% |
2 Bedrooms | $223K | $310K | +39.0% |
3 Bedrooms | $325K | $332.5K | +2.3% |
4 Bedrooms | $399K | $487.4K | +22.2% |
5+ Bedrooms | $400K | $598.3K | +49.6% |
Summary: 37172 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.6%, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 49.6%.
Housing Supply in 37172, TN
How many homes are available in 37172, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 138 | +8.7% |
Summary: The 37172 real estate market had 138 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 82 | 93 | +13.4% |
4 Bedrooms | 28 | 21 | -25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 37172 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 29 | +45.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 37172 in March 2024, up by 45.0% month-over-month. Of the 29 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 37172, TN
How long does it take to sell a home in 37172, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 31 Days | -35.7% |
Summary: Homes in 37172 had an average of 31 days on market in Mar 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 37172; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.