Is 37411, 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, 37411 has remained a Seller's Market.
Housing Prices in 37411, TN
How much do homes in 37411, TN cost?
Median Sold Price
$249,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37411 was $249,900 in March 2024, up 4.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $60.5K | -36.9% |
2 Bedrooms | $185K | $200K | +8.1% |
3 Bedrooms | $245K | $246.4K | +0.6% |
4 Bedrooms | $350K | $322.5K | -7.9% |
5+ Bedrooms | $326.4K | $271K | -17.0% |
Summary: 37411 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 37411, TN
How many homes are available in 37411, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 90 | -6.3% |
Summary: The 37411 real estate market had 90 homes for sale in March 2024, a 6.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 27 | 18 | -33.3% |
3 Bedrooms | 45 | 49 | +8.9% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 37411 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 19 | -29.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 37411 in March 2024, down by 29.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for 37411, TN
How long does it take to sell a home in 37411, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 35 Days | +213.4% |
Summary: Homes in 37411 had an average of 35 days on market in Mar 2024, up by 213.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 37411; 16% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.