Is 37841, 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, 37841 was a Neutral Market.
Housing Prices in 37841, TN
How much do homes in 37841, TN cost?
Median Sold Price
$220,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37841 was $220,000 in March 2024, up 17.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $10.1K | $135.3K | +1239.6% |
2 Bedrooms | $157.5K | $251K | +59.4% |
3 Bedrooms | $200K | $220K | +10.0% |
4 Bedrooms | $224K | $247K | +10.3% |
5+ Bedrooms | $421K | $155K | -63.2% |
Summary: 37841 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1239.6%, 2 bedroom homes increased by 59.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 63.2%.
Median Sold Price Compared To Nearby Zip Codes
37755 | $157.4K | $235K | +49.3% |
37841 | $187.5K | $220K | +17.3% |
Housing Supply in 37841, TN
How many homes are available in 37841, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 41 | +24.2% |
Summary: The 37841 real estate market had 41 homes for sale in March 2024, a 24.2% increase 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 | 3 | 2 | -33.3% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 37841 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 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 37841 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 37841, TN
How long does it take to sell a home in 37841, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 84 Days | +18.0% |
Summary: Homes in 37841 had an average of 84 days on market in Mar 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 37841; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.