Is 37714, 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, 37714 has remained a Seller's Market.
Housing Prices in 37714, TN
How much do homes in 37714, TN cost?
Median Sold Price
$255,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37714 was $255,500 in March 2024, up 18.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $120K | -52.9% |
2 Bedrooms | $148.5K | $199.9K | +34.6% |
3 Bedrooms | $227.7K | $261.4K | +14.8% |
4 Bedrooms | $252K | $338.7K | +34.4% |
5+ Bedrooms | - | $485K | N/A |
Summary: 37714 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.9%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Housing Supply in 37714, TN
How many homes are available in 37714, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Summary: The 37714 real estate market had 14 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37714 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 37714 in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 37714, TN
How long does it take to sell a home in 37714, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
2 Days | 41 Days | +1570.0% |
Summary: Homes in 37714 had an average of 41 days on market in Mar 2024, up by 1570% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 37714; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.