Is 37660, 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, 37660 has remained a Seller's Market.
Housing Prices in 37660, TN
How much do homes in 37660, TN cost?
Median Sold Price
$222,200
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37660 was $222,200 in March 2024, up 7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49K | $82.5K | +68.4% |
2 Bedrooms | $119K | $142.9K | +20.1% |
3 Bedrooms | $205K | $215.6K | +5.2% |
4 Bedrooms | $289.5K | $321.2K | +11.0% |
5+ Bedrooms | $425K | $432.5K | +1.8% |
Summary: 37660 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.4%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 37660, TN
How many homes are available in 37660, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
169 | 166 | -1.8% |
Summary: The 37660 real estate market had 166 homes for sale in March 2024, a 1.8% 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 | 29 | 24 | -17.2% |
3 Bedrooms | 83 | 85 | +2.4% |
4 Bedrooms | 45 | 46 | +2.2% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 37660 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 17.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 37660 in March 2024, up by 18.4% month-over-month. Of the 45 sold homes, 58% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for 37660, TN
How long does it take to sell a home in 37660, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 64 Days | +6.5% |
Summary: Homes in 37660 had an average of 64 days on market in Mar 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 37660; 16% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.