Is 37748, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37748 has remained a Seller's Market.
Housing Prices in 37748, TN
How much do homes in 37748, TN cost?
Median Sold Price
$248,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37748 was $248,000 in April 2024, up 31.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $36.5K | -68.3% |
2 Bedrooms | $145K | $175K | +20.7% |
3 Bedrooms | $214K | $250.5K | +17.1% |
4 Bedrooms | $260K | $318K | +22.3% |
5+ Bedrooms | $375K | $547.5K | +46.0% |
Summary: 37748 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.3%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 46%.
Housing Supply in 37748, TN
How many homes are available in 37748, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 75 | -11.8% |
Summary: The 37748 real estate market had 75 homes for sale in April 2024, a 11.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 41 | 36 | -12.2% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 37748 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 37748 in April 2024, down by 20.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 37748, TN
How long does it take to sell a home in 37748, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 30 Days | +87.5% |
Summary: Homes in 37748 had an average of 30 days on market in Apr 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 37748; 68% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.