Is 37803, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 37803 has remained a Seller's Market.
Housing Prices in 37803, TN
How much do homes in 37803, TN cost?
Median Sold Price
$392,441
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37803 was $392,441 in February 2024, up 11.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $315K | N/A |
2 Bedrooms | $255K | $288.7K | +13.2% |
3 Bedrooms | $335K | $375K | +11.9% |
4 Bedrooms | $492.5K | $539.9K | +9.6% |
5+ Bedrooms | $652.5K | $655K | 0.4% |
Summary: 37803 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 37803, TN
How many homes are available in 37803, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
119 | 129 | +8.4% |
Summary: The 37803 real estate market had 129 homes for sale in February 2024, a 8.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 79 | 81 | +2.5% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 37803 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 30 | +42.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 37803 in February 2024, up by 42.9% month-over-month. Of the 30 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% were sold over asking.
Days on Market for 37803, TN
We’re sorry, we don't have information for this market at the moment