Is 37807, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 37807 was a Seller's Market.
Housing Prices in 37807, TN
How much do homes in 37807, TN cost?
Median Sold Price
$289,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37807 was $289,000 in March 2024, up 1.4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $229.9K | 0% |
3 Bedrooms | $287.5K | $294.4K | +2.4% |
4 Bedrooms | $303K | $289K | -4.6% |
5+ Bedrooms | $444.5K | - | N/A |
Summary: 37807 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 did not change, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes did not change.
Housing Supply in 37807, TN
How many homes are available in 37807, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 49 | +19.5% |
Summary: The 37807 real estate market had 49 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 19 | 26 | +36.8% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 37807 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 36.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 37807 in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 37807, TN
How long does it take to sell a home in 37807, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 35 Days | -45.2% |
Summary: Homes in 37807 had an average of 35 days on market in Mar 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 37807; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.