Is 37601, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37601 has remained a Seller's Market.
Housing Prices in 37601, TN
How much do homes in 37601, TN cost?
Median Sold Price
$248,933
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37601 was $248,933 in April 2024, up 13.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151.3K | $137K | -9.5% |
2 Bedrooms | $154.9K | $180K | +16.2% |
3 Bedrooms | $225K | $260K | +15.6% |
4 Bedrooms | $349K | $373.2K | +6.9% |
5+ Bedrooms | $573.5K | $494.9K | -13.7% |
Summary: 37601 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in 37601, TN
How many homes are available in 37601, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 112 | -0.9% |
Summary: The 37601 real estate market had 112 homes for sale in April 2024, a 0.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 63 | 53 | -15.9% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 37601 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 35 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 37601 in April 2024, the same as the previous month. Of the 35 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 37601, TN
How long does it take to sell a home in 37601, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 76 Days | +33.3% |
Summary: Homes in 37601 had an average of 76 days on market in Apr 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 37601; 20% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.