Is 37381, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 37381 was a Seller's Market.
Housing Prices in 37381, TN
How much do homes in 37381, TN cost?
Median Sold Price
$335,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37381 was $335,000 in February 2024, up 10.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $434.5K | +210.6% |
2 Bedrooms | $285K | $195K | -31.6% |
3 Bedrooms | $295K | $297K | +0.7% |
4 Bedrooms | $625K | $425K | -32.0% |
5+ Bedrooms | $490K | $549.9K | +12.2% |
Summary: 37381 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 210.6%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Zip Codes
37322 | $253.7K | $292.5K | +15.3% |
37381 | $303K | $335K | +10.6% |
Housing Supply in 37381, TN
How many homes are available in 37381, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 | 52 | -7.1% |
Summary: The 37381 real estate market had 52 homes for sale in February 2024, a 7.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 34 | 32 | -5.9% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 37381 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 25%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 37381 in February 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for 37381, TN
How long does it take to sell a home in 37381, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 17 Days | -53.2% |
Summary: Homes in 37381 had an average of 17 days on market in Feb 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 37381; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.