Is 37421, 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, 37421 has remained a Seller's Market.
Housing Prices in 37421, TN
How much do homes in 37421, TN cost?
Median Sold Price
$360,210
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37421 was $360,210 in March 2024, up 0.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156.5K | $150K | -4.2% |
2 Bedrooms | $254.5K | $272.5K | +7.1% |
3 Bedrooms | $329.9K | $336.2K | +1.9% |
4 Bedrooms | $422.3K | $420K | -0.6% |
5+ Bedrooms | $549.9K | $595K | +8.2% |
Summary: 37421 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 37421, TN
How many homes are available in 37421, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
261 | 286 | +9.6% |
Summary: The 37421 real estate market had 286 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 25 | 28 | +12.0% |
3 Bedrooms | 110 | 119 | +8.2% |
4 Bedrooms | 98 | 106 | +8.2% |
5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The 37421 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 increased by 12%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 76 | +13.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in 37421 in March 2024, up by 13.4% month-over-month. Of the 76 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for 37421, TN
How long does it take to sell a home in 37421, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -9.8% |
Summary: Homes in 37421 had an average of 30 days on market in Mar 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 76 homes were sold in 37421; 16% 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.