Is 37403, 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, 37403 was a Seller's Market.
Housing Prices in 37403, TN
How much do homes in 37403, TN cost?
Median Sold Price
$470,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37403 was $470,000 in April 2024, down 1.8% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $261.5K | $300K | +14.7% |
2 Bedrooms | $430K | $460K | +7.0% |
3 Bedrooms | $410K | $403.5K | -1.6% |
4 Bedrooms | $1.5M | $800K | -48.4% |
5+ Bedrooms | $763.7K | $470K | -38.5% |
Summary: 37403 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 48.4%, and 5+ bedroom homes decreased by 38.5%.
Housing Supply in 37403, TN
How many homes are available in 37403, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Summary: The 37403 real estate market had 29 homes for sale in April 2024, a 3.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 37403 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 37403 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 37403, TN
How long does it take to sell a home in 37403, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 11 Days | -84.8% |
Summary: Homes in 37403 had an average of 11 days on market in Apr 2024, down by 84.8% compared to last year.
Breakdown of Home Sale Times
2 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, 4 homes were sold in 37403; 50% 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.