Is 37826, 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, 37826 has remained a Seller's Market.
Housing Prices in 37826, TN
How much do homes in 37826, TN cost?
Median Sold Price
$266,665
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37826 was $266,665 in March 2024, up 14.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $209K | $189K | -9.6% |
3 Bedrooms | $240K | $268.3K | +11.8% |
4 Bedrooms | $322.5K | $280.9K | -12.9% |
5+ Bedrooms | - | - | N/A |
Summary: 37826 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 decreased by 9.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.
Housing Supply in 37826, TN
How many homes are available in 37826, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Summary: The 37826 real estate market had 32 homes for sale in March 2024, a 39.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 5 | 11 | +120.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 37826 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 66.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 120%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 37826 in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for 37826, TN
How long does it take to sell a home in 37826, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 92 Days | +123.8% |
Summary: Homes in 37826 had an average of 92 days on market in Mar 2024, up by 123.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 37826; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.