Is 37774, 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, 37774 has remained a Seller's Market.
Housing Prices in 37774, TN
How much do homes in 37774, TN cost?
Median Sold Price
$549,911
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37774 was $549,911 in March 2024, up 10.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $191K | N/A |
2 Bedrooms | $190.7K | $237.2K | +24.4% |
3 Bedrooms | $502.2K | $549.9K | +9.5% |
4 Bedrooms | $648.7K | $650K | 0.2% |
5+ Bedrooms | $381K | $800K | +110.0% |
Summary: 37774 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 24.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 110%.
Housing Supply in 37774, TN
How many homes are available in 37774, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
192 | 214 | +11.5% |
Summary: The 37774 real estate market had 214 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 130 | 138 | +6.2% |
4 Bedrooms | 38 | 52 | +36.8% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 37774 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 7.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 39 | +14.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 37774 in March 2024, up by 14.7% month-over-month. Of the 39 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% were sold over asking.
Days on Market for 37774, TN
How long does it take to sell a home in 37774, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 51 Days | -19.5% |
Summary: Homes in 37774 had an average of 51 days on market in Mar 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 37774; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.