Is 37711, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 37711 was a Seller's Market.
Housing Prices in 37711, TN
How much do homes in 37711, TN cost?
Median Sold Price
$223,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37711 was $223,500 in February 2024, up 25.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $68.5K | -8.7% |
2 Bedrooms | $100K | $147K | +47.0% |
3 Bedrooms | $180K | $235K | +30.6% |
4 Bedrooms | $319.9K | $151.9K | -52.5% |
5+ Bedrooms | - | $265K | N/A |
Summary: 37711 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 47%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 52.5%, and 5+ bedroom homes did not change.
Housing Supply in 37711, TN
How many homes are available in 37711, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Summary: The 37711 real estate market had 18 homes for sale in February 2024, a 5.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37711 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 37711 in February 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 37711, TN
How long does it take to sell a home in 37711, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
80 Days | 118 Days | +46.6% |
Summary: Homes in 37711 had an average of 118 days on market in Feb 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in 37711; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.