Is 37416, 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, 37416 has remained a Seller's Market.
Housing Prices in 37416, TN
How much do homes in 37416, TN cost?
Median Sold Price
$286,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37416 was $286,000 in March 2024, up 2.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $349K | +168.5% |
2 Bedrooms | $190K | $225K | +18.4% |
3 Bedrooms | $271.5K | $279K | +2.8% |
4 Bedrooms | $379K | $348K | -8.2% |
5+ Bedrooms | $417K | $388.2K | -6.9% |
Summary: 37416 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 168.5%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in 37416, TN
How many homes are available in 37416, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 94 | -5.1% |
Summary: The 37416 real estate market had 94 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 9 | -43.8% |
3 Bedrooms | 47 | 47 | 0.0% |
4 Bedrooms | 27 | 32 | +18.5% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 37416 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 43.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 37416 in March 2024, down by 3.3% month-over-month. Of the 29 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for 37416, TN
How long does it take to sell a home in 37416, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 26 Days | +115.3% |
Summary: Homes in 37416 had an average of 26 days on market in Mar 2024, up by 115.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 37416; 17% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.