Is 37406, 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, 37406 has remained a Seller's Market.
Housing Prices in 37406, TN
How much do homes in 37406, TN cost?
Median Sold Price
$200,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37406 was $200,000 in March 2024, up 14.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $165K | +106.3% |
2 Bedrooms | $107.5K | $85K | -20.9% |
3 Bedrooms | $189.9K | $210.7K | +11.0% |
4 Bedrooms | $210K | $245K | +16.7% |
5+ Bedrooms | $198K | $360K | +81.8% |
Summary: 37406 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.3%, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 81.8%.
Housing Supply in 37406, TN
How many homes are available in 37406, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 101 | 0.0% |
Summary: The 37406 real estate market had 101 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 58 | 58 | 0.0% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 37406 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 37406 in March 2024, down by 5.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for 37406, TN
How long does it take to sell a home in 37406, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 0 Days | -98.7% |
Summary: Homes in 37406 had an average of 0 days on market in Mar 2024, down by 98.7% 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 March 2024, 18 homes were sold in 37406; 11% 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.