Is 37763, 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, 37763 has remained a Seller's Market.
Housing Prices in 37763, TN
How much do homes in 37763, TN cost?
Median Sold Price
$302,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37763 was $302,500 in March 2024, down 2.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189K | $146K | -22.8% |
2 Bedrooms | $225K | $270K | +20.0% |
3 Bedrooms | $298.4K | $285K | -4.5% |
4 Bedrooms | $390K | $450K | +15.4% |
5+ Bedrooms | $350K | $587.6K | +67.9% |
Summary: 37763 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 67.9%.
Housing Supply in 37763, TN
How many homes are available in 37763, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 75 | +11.9% |
Summary: The 37763 real estate market had 75 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37763 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 41.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 37763 in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for 37763, TN
How long does it take to sell a home in 37763, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 59 Days | +28.1% |
Summary: Homes in 37763 had an average of 59 days on market in Mar 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 37763; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.