Is 37771, 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, 37771 has remained a Seller's Market.
Housing Prices in 37771, TN
How much do homes in 37771, TN cost?
Median Sold Price
$329,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37771 was $329,000 in March 2024, up 16.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70.5K | - | N/A |
2 Bedrooms | $250K | $291.4K | +16.6% |
3 Bedrooms | $279.8K | $355K | +26.8% |
4 Bedrooms | $402.1K | $469.9K | +16.9% |
5+ Bedrooms | $369.5K | $484.9K | +31.2% |
Summary: 37771 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 31.2%.
Housing Supply in 37771, TN
How many homes are available in 37771, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 77 | -2.5% |
Summary: The 37771 real estate market had 77 homes for sale in March 2024, a 2.5% decrease 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 | 16 | 12 | -25.0% |
3 Bedrooms | 39 | 41 | +5.1% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 37771 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 decreased by 25%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 37771 in March 2024, up by 11.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for 37771, TN
How long does it take to sell a home in 37771, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 33 Days | -14.7% |
Summary: Homes in 37771 had an average of 33 days on market in Mar 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 37771; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.