Is 37205, 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, 37205 has remained a Seller's Market.
Housing Prices in 37205, TN
How much do homes in 37205, TN cost?
Median Sold Price
$996,166
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37205 was $996,166 in March 2024, up 4.9% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $293K | -7.0% |
2 Bedrooms | $475K | $432.1K | -9.0% |
3 Bedrooms | $830.2K | $795K | -4.3% |
4 Bedrooms | $1.2M | $1.5M | +19.0% |
5+ Bedrooms | $2.7M | $2.6M | -1.8% |
Summary: 37205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 37205, TN
How many homes are available in 37205, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
167 | 178 | +6.6% |
Summary: The 37205 real estate market had 178 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 12 | +100.0% |
2 Bedrooms | 24 | 27 | +12.5% |
3 Bedrooms | 51 | 53 | +3.9% |
4 Bedrooms | 45 | 45 | 0.0% |
5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The 37205 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 12.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 37205 in March 2024, up by 41.7% month-over-month. Of the 34 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for 37205, TN
How long does it take to sell a home in 37205, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 47 Days | +6.0% |
Summary: Homes in 37205 had an average of 47 days on market in Mar 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 37205; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.