Is 37419, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 37419 was a Seller's Market.
Housing Prices in 37419, TN
How much do homes in 37419, TN cost?
Median Sold Price
$435,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37419 was $435,000 in March 2024, up 28.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $240K | +20.0% |
2 Bedrooms | $285K | $215K | -24.6% |
3 Bedrooms | $294K | $370K | +25.9% |
4 Bedrooms | $570K | $730K | +28.1% |
5+ Bedrooms | $1.1M | $910K | -20.9% |
Summary: 37419 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 24.6%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 20.9%.
Housing Supply in 37419, TN
How many homes are available in 37419, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 88 | 0.0% |
Summary: The 37419 real estate market had 88 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 | 10 | 12 | +20.0% |
3 Bedrooms | 58 | 54 | -6.9% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 37419 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 increased by 20%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 37419 in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for 37419, TN
How long does it take to sell a home in 37419, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 42 Days | -55.1% |
Summary: Homes in 37419 had an average of 42 days on market in Mar 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 37419; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.