Is 37341, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 37341 has remained a Seller's Market.
Housing Prices in 37341, TN
How much do homes in 37341, TN cost?
Median Sold Price
$350,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37341 was $350,000 in February 2024, up 7.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $225K | +2.3% |
3 Bedrooms | $300K | $336.9K | +12.3% |
4 Bedrooms | $458.8K | $392K | -14.6% |
5+ Bedrooms | $542.5K | $547.8K | +1.0% |
Summary: 37341 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 1%.
Housing Supply in 37341, TN
How many homes are available in 37341, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
48 | 53 | +10.4% |
Summary: The 37341 real estate market had 53 homes for sale in February 2024, a 10.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 37341 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 37341 in February 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 37341, TN
How long does it take to sell a home in 37341, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 66 Days | +22.2% |
Summary: Homes in 37341 had an average of 66 days on market in Feb 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in 37341; 18% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.