Is 37821, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 37821 was a Seller's Market.
Housing Prices in 37821, TN
How much do homes in 37821, TN cost?
Median Sold Price
$209,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37821 was $209,000 in February 2024, up 2.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $137.5K | -31.3% |
2 Bedrooms | $139K | $146K | +5.0% |
3 Bedrooms | $236K | $214.9K | -8.9% |
4 Bedrooms | $261K | $259K | -0.8% |
5+ Bedrooms | $450K | $511.5K | +13.7% |
Summary: 37821 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Zip Codes
37890 | $231.2K | $267.5K | +15.7% |
37821 | $204.5K | $209K | +2.2% |
Housing Supply in 37821, TN
How many homes are available in 37821, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Summary: The 37821 real estate market had 47 homes for sale in February 2024, a 14.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 37821 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 37821 in February 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for 37821, TN
How long does it take to sell a home in 37821, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 76 Days | +27.4% |
Summary: Homes in 37821 had an average of 76 days on market in Feb 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 37821; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.