Is 37347, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37347 was a Seller's Market.
Key Takeaway
37347 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37347, TN
How much do homes in 37347, TN cost?
Median Sold Price
$290,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37347 have sold for 26.1% more than they did a year ago.
Summary: The median home sold price in 37347 was $290,000 in April 2024, up 26.1% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $280K | +80.6% |
| 2 Bedrooms | $168K | $168K | 0.0% |
| 3 Bedrooms | $231K | $282.7K | +22.4% |
| 4 Bedrooms | $243K | $380K | +56.4% |
| 5+ Bedrooms | $419K | $663K | +58.2% |
Summary: 37347 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 56.4%, and 5+ bedroom homes increased by 58.2%.
Housing Supply in 37347, TN
How many homes are available in 37347, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The 37347 real estate market had 49 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37347 housing inventory by bedroom type for April 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 14.3%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37347, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 37347 in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 37347, TN
How long does it take to sell a home in 37347, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 114 Days | 82 Days | -28.1% |
Summary: Homes in 37347 had an average of 82 days on market in Apr 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37347 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 37347; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.