Is 37377, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37377 has remained a Seller's Market.
Housing Prices in 37377, TN
How much do homes in 37377, TN cost?
Median Sold Price
$650,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37377 was $650,000 in April 2024, up 10.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $510K | N/A |
2 Bedrooms | $252.7K | $323.7K | +28.1% |
3 Bedrooms | $452.5K | $474K | +4.8% |
4 Bedrooms | $665.3K | $820K | +23.2% |
5+ Bedrooms | $950K | $782.5K | -17.6% |
Summary: 37377 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 17.6%.
Housing Supply in 37377, TN
How many homes are available in 37377, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 67 | -2.9% |
Summary: The 37377 real estate market had 67 homes for sale in April 2024, a 2.9% decrease 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 | 6 | 2 | -66.7% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 37 | 37 | 0.0% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 37377 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 decreased by 66.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 37377 in April 2024, down by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for 37377, TN
How long does it take to sell a home in 37377, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 113 Days | +1161.1% |
Summary: Homes in 37377 had an average of 113 days on market in Apr 2024, up by 1161.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in 37377; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.