Is 37323, 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, 37323 was a Seller's Market.
Housing Prices in 37323, TN
How much do homes in 37323, TN cost?
Median Sold Price
$290,046
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37323 was $290,046 in March 2024, up 7.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $119.9K | +299.7% |
2 Bedrooms | $175K | $225K | +28.6% |
3 Bedrooms | $260K | $268.6K | +3.3% |
4 Bedrooms | $345.6K | $384.4K | +11.2% |
5+ Bedrooms | $369K | $348.7K | -5.5% |
Summary: 37323 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 299.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 37323, TN
How many homes are available in 37323, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
136 | 146 | +7.4% |
Summary: The 37323 real estate market had 146 homes for sale in March 2024, a 7.4% 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 | 10 | 12 | +20.0% |
3 Bedrooms | 82 | 81 | -1.2% |
4 Bedrooms | 34 | 38 | +11.8% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The 37323 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 increased by 20%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 18 | -41.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 37323 in March 2024, down by 41.9% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 37323, TN
How long does it take to sell a home in 37323, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 23 Days | +23.4% |
Summary: Homes in 37323 had an average of 23 days on market in Mar 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 37323; 11% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.