Is 37709, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 37709 was a Seller's Market.
Housing Prices in 37709, TN
How much do homes in 37709, TN cost?
Median Sold Price
$480,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37709 was $480,000 in March 2024, up 79.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $433K | $429.9K | -0.7% |
2 Bedrooms | $170.5K | $605K | +254.8% |
3 Bedrooms | $291.2K | $360K | +23.6% |
4 Bedrooms | $98K | $779K | +694.9% |
5+ Bedrooms | - | $630K | N/A |
Summary: 37709 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 254.8%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 694.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
37709 | $267.8K | $480K | +79.2% |
37820 | $310K | $317.5K | +2.4% |
37806 | $298.2K | $247.5K | -17.0% |
Housing Supply in 37709, TN
How many homes are available in 37709, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Summary: The 37709 real estate market had 23 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37709 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 increased by 50%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 37709 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 37709, TN
How long does it take to sell a home in 37709, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 166 Days | +388.2% |
Summary: Homes in 37709 had an average of 166 days on market in Mar 2024, up by 388.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in 37709; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.