Is 37206, 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, 37206 has remained a Seller's Market.
Housing Prices in 37206, TN
How much do homes in 37206, TN cost?
Median Sold Price
$734,944
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37206 was $734,944 in March 2024, up 13.7% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $356.2K | +13.1% |
2 Bedrooms | $460K | $447.5K | -2.7% |
3 Bedrooms | $629.8K | $651.8K | +3.5% |
4 Bedrooms | $850K | $865K | +1.8% |
5+ Bedrooms | $1.0M | $1.1M | +9.8% |
Summary: 37206 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 37206, TN
How many homes are available in 37206, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 208 | +30.0% |
Summary: The 37206 real estate market had 208 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 17 | 26 | +52.9% |
3 Bedrooms | 79 | 97 | +22.8% |
4 Bedrooms | 52 | 68 | +30.8% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 37206 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 52.9%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 38 | +58.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 37206 in March 2024, up by 58.3% month-over-month. Of the 38 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for 37206, TN
How long does it take to sell a home in 37206, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 27 Days | +0.7% |
Summary: Homes in 37206 had an average of 27 days on market in Mar 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 37206; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.