Is 37745, 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, 37745 was a Seller's Market.
Housing Prices in 37745, TN
How much do homes in 37745, TN cost?
Median Sold Price
$273,333
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37745 was $273,333 in March 2024, up 16.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $565K | +289.7% |
2 Bedrooms | $157.5K | $165K | +4.8% |
3 Bedrooms | $240K | $277.5K | +15.6% |
4 Bedrooms | $394.9K | $351K | -11.1% |
5+ Bedrooms | $380K | $385K | +1.3% |
Summary: 37745 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 289.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 37745, TN
How many homes are available in 37745, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 98 | +16.7% |
Summary: The 37745 real estate market had 98 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 54 | 60 | +11.1% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 37745 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 37745 in March 2024, down by 15.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 37745, TN
How long does it take to sell a home in 37745, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 97 Days | +14.4% |
Summary: Homes in 37745 had an average of 97 days on market in Mar 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 37745; 19% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.