Is 37204, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37204 was a Seller's Market.
Housing Prices in 37204, TN
How much do homes in 37204, TN cost?
Median Sold Price
$1,160,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37204 was $1,160,000 in April 2024, up 5.5% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $335K | -8.2% |
2 Bedrooms | $515K | $490K | -4.9% |
3 Bedrooms | $966.3K | $877.5K | -9.2% |
4 Bedrooms | $1.3M | $1.3M | +1.9% |
5+ Bedrooms | $1.9M | $2.2M | +16.1% |
Summary: 37204 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 37204, TN
How many homes are available in 37204, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 156 | +17.3% |
Summary: The 37204 real estate market had 156 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 33 | 37 | +12.1% |
5+ Bedrooms | 47 | 58 | +23.4% |
Summary: The 37204 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 23.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 37204 in April 2024, down by 4.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 41% were sold at asking, and 5% were sold over asking.
Days on Market for 37204, TN
How long does it take to sell a home in 37204, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 29 Days | +17.2% |
Summary: Homes in 37204 had an average of 29 days on market in Apr 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 37204; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.