Is 37385, 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, 37385 has remained a Seller's Market.
Housing Prices in 37385, TN
How much do homes in 37385, TN cost?
Median Sold Price
$305,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37385 was $305,000 in March 2024, up 19.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $779K | +299.5% |
2 Bedrooms | $225K | $281.2K | +25.0% |
3 Bedrooms | $308K | $275K | -10.7% |
4 Bedrooms | $290K | $360K | +24.1% |
5+ Bedrooms | $459.2K | - | N/A |
Summary: 37385 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 299.5%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes did not change.
Housing Supply in 37385, TN
How many homes are available in 37385, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 50 | +11.1% |
Summary: The 37385 real estate market had 50 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 26 | 27 | +3.8% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 37385 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 37385 in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for 37385, TN
How long does it take to sell a home in 37385, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 58 Days | -4.6% |
Summary: Homes in 37385 had an average of 58 days on market in Mar 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 37385; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.