Is 37303, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 37303 was a Neutral Market.
Housing Prices in 37303, TN
How much do homes in 37303, TN cost?
Median Sold Price
$260,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37303 was $260,000 in March 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178K | $37.5K | -78.9% |
2 Bedrooms | $153.2K | $189.9K | +23.9% |
3 Bedrooms | $247K | $259.4K | +5.0% |
4 Bedrooms | $320K | $300K | -6.2% |
5+ Bedrooms | $319K | $325.3K | +2.0% |
Summary: 37303 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.9%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 2%.
Housing Supply in 37303, TN
How many homes are available in 37303, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 113 | +5.6% |
Summary: The 37303 real estate market had 113 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 64 | 68 | +6.3% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 37303 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 37303 in March 2024, up by 31.3% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for 37303, TN
How long does it take to sell a home in 37303, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 43 Days | +6.8% |
Summary: Homes in 37303 had an average of 43 days on market in Mar 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 37303; 48% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.