Is 37412, 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, 37412 has remained a Seller's Market.
Housing Prices in 37412, TN
How much do homes in 37412, TN cost?
Median Sold Price
$269,305
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37412 was $269,305 in March 2024, up 11.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95.1K | $235.7K | +147.8% |
2 Bedrooms | $187.5K | $228K | +21.6% |
3 Bedrooms | $250K | $266.1K | +6.5% |
4 Bedrooms | $350K | $349.9K | 0% |
5+ Bedrooms | $352.5K | $399.9K | +13.4% |
Summary: 37412 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 147.8%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.4%.
Housing Supply in 37412, TN
How many homes are available in 37412, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 119 | +4.4% |
Summary: The 37412 real estate market had 119 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 69 | 74 | +7.2% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 37412 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 37412 in March 2024, down by 5.6% month-over-month. Of the 34 sold homes, 38% were sold under asking, 44% were sold at asking, and 18% were sold over asking.
Days on Market for 37412, TN
How long does it take to sell a home in 37412, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 12 Days | +19.3% |
Summary: Homes in 37412 had an average of 12 days on market in Mar 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 37412; 24% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.