Is 37663, 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, 37663 has remained a Seller's Market.
Housing Prices in 37663, TN
How much do homes in 37663, TN cost?
Median Sold Price
$319,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37663 was $319,000 in April 2024, up 2.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $215K | N/A |
2 Bedrooms | $184K | $199K | +8.2% |
3 Bedrooms | $290K | $302.5K | +4.3% |
4 Bedrooms | $368K | $350K | -4.9% |
5+ Bedrooms | $365.2K | $434K | +18.8% |
Summary: 37663 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 37663, TN
How many homes are available in 37663, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 60 | +3.4% |
Summary: The 37663 real estate market had 60 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 2 | -60.0% |
3 Bedrooms | 35 | 34 | -2.9% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 37663 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 decreased by 60%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 37663 in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 70% were sold under asking, 25% were sold at asking, and 5% were sold over asking.
Days on Market for 37663, TN
How long does it take to sell a home in 37663, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 97 Days | +91.9% |
Summary: Homes in 37663 had an average of 97 days on market in Apr 2024, up by 91.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 37663; 5% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.