Is 37380, 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, 37380 was a Seller's Market.
Housing Prices in 37380, TN
How much do homes in 37380, TN cost?
Median Sold Price
$267,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37380 was $267,500 in March 2024, up 23.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $156.5K | $180K | +15.0% |
3 Bedrooms | $252K | $271.5K | +7.7% |
4 Bedrooms | $267K | $997.5K | +273.6% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: 37380 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 273.6%, and 5+ bedroom homes did not change.
Housing Supply in 37380, TN
How many homes are available in 37380, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 55 | +10.0% |
Summary: The 37380 real estate market had 55 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 37380 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 14.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 37380 in March 2024, up by 33.3% 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 37380, TN
How long does it take to sell a home in 37380, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
131 Days | 145 Days | +11.1% |
Summary: Homes in 37380 had an average of 145 days on market in Mar 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 37380; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.