Is 37801, 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, 37801 has remained a Seller's Market.
Housing Prices in 37801, TN
How much do homes in 37801, TN cost?
Median Sold Price
$389,156
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37801 was $389,156 in March 2024, up 3.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.2K | $70K | -60.1% |
2 Bedrooms | $225K | $246K | +9.3% |
3 Bedrooms | $364.7K | $378.1K | +3.7% |
4 Bedrooms | $490K | $519.9K | +6.1% |
5+ Bedrooms | $469.9K | $655K | +39.4% |
Summary: 37801 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.1%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 39.4%.
Housing Supply in 37801, TN
How many homes are available in 37801, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 103 | -4.6% |
Summary: The 37801 real estate market had 103 homes for sale in March 2024, a 4.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 64 | 60 | -6.3% |
4 Bedrooms | 26 | 27 | +3.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 37801 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 23.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 37801 in March 2024, down by 3.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 36% were sold at asking, and 20% were sold over asking.
Days on Market for 37801, TN
How long does it take to sell a home in 37801, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 46 Days | +12.3% |
Summary: Homes in 37801 had an average of 46 days on market in Mar 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 37801; 60% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.