Is 37725, 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, 37725 was a Seller's Market.
Housing Prices in 37725, TN
How much do homes in 37725, TN cost?
Median Sold Price
$349,900
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37725 was $349,900 in March 2024, up 2.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $278K | -51.2% |
2 Bedrooms | $263.9K | $300K | +13.7% |
3 Bedrooms | $349K | $349.9K | 0.3% |
4 Bedrooms | $512.5K | $352.5K | -31.2% |
5+ Bedrooms | $920K | $299.9K | -67.4% |
Summary: 37725 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 31.2%, and 5+ bedroom homes decreased by 67.4%.
Housing Supply in 37725, TN
How many homes are available in 37725, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 93 | +12.0% |
Summary: The 37725 real estate market had 93 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 58 | 60 | +3.4% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 37725 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 55.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 37725 in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 37725, TN
How long does it take to sell a home in 37725, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 32 Days | -31.2% |
Summary: Homes in 37725 had an average of 32 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 37725; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.