Is 37397, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37397 was a Buyer's Market.
Housing Prices in 37397, TN
How much do homes in 37397, TN cost?
Median Sold Price
$217,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37397 was $217,500 in April 2024, down 3.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $590K | +181.0% |
2 Bedrooms | $125K | $192.5K | +54.0% |
3 Bedrooms | $220.5K | $215K | -2.5% |
4 Bedrooms | $275K | $359K | +30.5% |
5+ Bedrooms | $555K | $255.9K | -53.9% |
Summary: 37397 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 181%, 2 bedroom homes increased by 54%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes decreased by 53.9%.
Housing Supply in 37397, TN
How many homes are available in 37397, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 46 | +27.8% |
Summary: The 37397 real estate market had 46 homes for sale in April 2024, a 27.8% increase 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 | 8 | +33.3% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 37397 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 increased by 33.3%, 3 bedroom homes increased by 47.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 37397 in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.
Days on Market for 37397, TN
How long does it take to sell a home in 37397, TN?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 37397; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.