Is 37772, 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, 37772 has remained a Seller's Market.
Housing Prices in 37772, TN
How much do homes in 37772, TN cost?
Median Sold Price
$508,990
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37772 was $508,990 in April 2024, up 18.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $401.5K | $479K | +19.3% |
3 Bedrooms | $380.5K | $441K | +15.9% |
4 Bedrooms | $598.4K | $615K | +2.8% |
5+ Bedrooms | $790K | $754.3K | -4.5% |
Summary: 37772 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in 37772, TN
How many homes are available in 37772, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 89 | +25.4% |
Summary: The 37772 real estate market had 89 homes for sale in April 2024, a 25.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 35 | 46 | +31.4% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The 37772 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 37772 in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.
Days on Market for 37772, TN
How long does it take to sell a home in 37772, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 23 Days | -42.3% |
Summary: Homes in 37772 had an average of 23 days on market in Apr 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 37772; 83% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.