Is 37311, 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, 37311 has remained a Seller's Market.
Housing Prices in 37311, TN
How much do homes in 37311, TN cost?
Median Sold Price
$249,950
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37311 was $249,950 in March 2024, up 2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $56.2K | N/A |
2 Bedrooms | $140.9K | $170K | +20.6% |
3 Bedrooms | $249.9K | $259.9K | +4.0% |
4 Bedrooms | $384K | $390.7K | +1.8% |
5+ Bedrooms | $550K | $412.4K | -25.0% |
Summary: 37311 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 25%.
Housing Supply in 37311, TN
How many homes are available in 37311, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 115 | +0.9% |
Summary: The 37311 real estate market had 115 homes for sale in March 2024, a 0.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 16 | -20.0% |
3 Bedrooms | 64 | 60 | -6.3% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 37311 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 decreased by 20%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 21 | -36.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 37311 in March 2024, down by 36.4% month-over-month. Of the 21 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for 37311, TN
How long does it take to sell a home in 37311, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 13 Days | -57.6% |
Summary: Homes in 37311 had an average of 13 days on market in Mar 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 37311; 24% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.