Is 37217, 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, 37217 has remained a Seller's Market.
Housing Prices in 37217, TN
How much do homes in 37217, TN cost?
Median Sold Price
$312,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37217 was $312,500 in March 2024, down 2.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $241K | +4.8% |
2 Bedrooms | $261K | $267.5K | +2.5% |
3 Bedrooms | $360K | $320K | -11.1% |
4 Bedrooms | $390K | $410K | +5.1% |
5+ Bedrooms | $407.9K | $480K | +17.7% |
Summary: 37217 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in 37217, TN
How many homes are available in 37217, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 100 | +26.6% |
Summary: The 37217 real estate market had 100 homes for sale in March 2024, a 26.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 16 | +700.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 36 | 47 | +30.6% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 37217 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 700%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 37217 in March 2024, up by 33.3% month-over-month. Of the 20 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 37217, TN
How long does it take to sell a home in 37217, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 28 Days | -40.9% |
Summary: Homes in 37217 had an average of 28 days on market in Mar 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 37217; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.