Is 37743, 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, 37743 has remained a Seller's Market.
Housing Prices in 37743, TN
How much do homes in 37743, TN cost?
Median Sold Price
$258,956
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37743 was $258,956 in March 2024, up 3.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.5K | $115K | -52.0% |
2 Bedrooms | $161.9K | $185K | +14.2% |
3 Bedrooms | $249.9K | $262.5K | +5.0% |
4 Bedrooms | $266.7K | $273.4K | +2.5% |
5+ Bedrooms | $545K | $373K | -31.6% |
Summary: 37743 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 31.6%.
Housing Supply in 37743, TN
How many homes are available in 37743, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 115 | -3.4% |
Summary: The 37743 real estate market had 115 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 83 | 70 | -15.7% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 37743 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 37743 in March 2024, up by 20.8% month-over-month. Of the 29 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for 37743, TN
How long does it take to sell a home in 37743, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 108 Days | +24.5% |
Summary: Homes in 37743 had an average of 108 days on market in Mar 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 37743; 3% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 59% of homes were sold over 90 days.