Is 37388, 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, 37388 has remained a Seller's Market.
Key Takeaway
37388 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37388, TN
How much do homes in 37388, TN cost?
Median Sold Price
$280,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37388 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 37388 was $280,000 in March 2024, up 4.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $504K | $295.5K | -41.4% |
| 2 Bedrooms | $150K | $192.5K | +28.4% |
| 3 Bedrooms | $262.6K | $270.4K | +3.0% |
| 4 Bedrooms | $365K | $365K | 0.0% |
| 5+ Bedrooms | $474.9K | $510K | +7.4% |
Summary: 37388 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 37388, TN
How many homes are available in 37388, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 161 | 165 | +2.5% |
Summary: The 37388 real estate market had 165 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 93 | 88 | -5.4% |
| 4 Bedrooms | 36 | 42 | +16.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 37388 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 8.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 35 | +34.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37388, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 37388 in March 2024, up by 34.6% month-over-month. Of the 34 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 37388, TN
How long does it take to sell a home in 37388, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 69 Days | +61.3% |
Summary: Homes in 37388 had an average of 69 days on market in Mar 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37388 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 37388; 37% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 26% 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. 
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