Is 37343, 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, 37343 has remained a Seller's Market.
Housing Prices in 37343, TN
How much do homes in 37343, TN cost?
Median Sold Price
$350,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37343 was $350,000 in March 2024, up 3.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $115K | -11.5% |
2 Bedrooms | $282K | $342.4K | +21.4% |
3 Bedrooms | $300K | $317.2K | +5.7% |
4 Bedrooms | $400K | $410K | +2.5% |
5+ Bedrooms | $441.2K | $517.5K | +17.3% |
Summary: 37343 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 17.3%.
Housing Supply in 37343, TN
How many homes are available in 37343, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 185 | +15.6% |
Summary: The 37343 real estate market had 185 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 97 | 114 | +17.5% |
4 Bedrooms | 44 | 49 | +11.4% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 37343 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 decreased by 10%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 60 | +53.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 37343 in March 2024, up by 53.8% month-over-month. Of the 60 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for 37343, TN
How long does it take to sell a home in 37343, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 54 Days | +252.7% |
Summary: Homes in 37343 had an average of 54 days on market in Mar 2024, up by 252.7% compared to last year.
Breakdown of Home Sale Times
2 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, 60 homes were sold in 37343; 3% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.