Is 37322, 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, 37322 has remained a Seller's Market.
Housing Prices in 37322, TN
How much do homes in 37322, TN cost?
Median Sold Price
$270,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37322 was $270,000 in March 2024, up 5.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | - | N/A |
2 Bedrooms | $158K | $186.2K | +17.8% |
3 Bedrooms | $288K | $303.7K | +5.5% |
4 Bedrooms | $245K | $360K | +46.9% |
5+ Bedrooms | $609.5K | - | N/A |
Summary: 37322 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 17.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes did not change.
Housing Supply in 37322, TN
How many homes are available in 37322, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The 37322 real estate market had 29 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37322 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 37322 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 37322, TN
How long does it take to sell a home in 37322, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 41 Days | +6.0% |
Summary: Homes in 37322 had an average of 41 days on market in Mar 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 37322; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.