Is 37615, 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, 37615 has remained a Seller's Market.
Housing Prices in 37615, TN
How much do homes in 37615, TN cost?
Median Sold Price
$356,333
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37615 was $356,333 in April 2024, up 1.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $246K | +51.9% |
2 Bedrooms | $201K | $220.8K | +9.9% |
3 Bedrooms | $325K | $330K | +1.5% |
4 Bedrooms | $459.7K | $524.8K | +14.1% |
5+ Bedrooms | $729K | $732.5K | 0.5% |
Summary: 37615 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.9%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 37615, TN
How many homes are available in 37615, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 105 | -2.8% |
Summary: The 37615 real estate market had 105 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 53 | 48 | -9.4% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 37615 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 37615 in April 2024, up by 3.8% month-over-month. Of the 27 sold homes, 67% were sold under asking, 19% were sold at asking, and 15% were sold over asking.
Days on Market for 37615, TN
How long does it take to sell a home in 37615, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 54 Days | -21.1% |
Summary: Homes in 37615 had an average of 54 days on market in Apr 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 37615; 15% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.