Is 37847, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 37847 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 37847 has remained a Seller's Market.

Key Takeaway

37847 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 37847, TN

How much do homes in 37847, TN cost?

Median Sold Price

$352,500

$135/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$149,000(+73.2%)

Key Takeaway

Homes in 37847 have sold for 73.2% more than they did a month ago.

Summary: The median home sold price in 37847 was $352,500 in April 2024, up 73.2% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $182K-
N/A
3 $225K$352.5K
+56.7%
4 --
N/A
5+ --
N/A

Summary: 37847 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 56.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 37847, TN

How many homes are available in 37847, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
54-20.0%

Summary: The 37847 real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 37847 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 37847, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 37847 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 37847, TN

How long does it take to sell a home in 37847, TN?

Average Sale Time

Mar 2024Apr 2024CHANGE
109 Days199 Days+82.6%

Summary: Homes in 37847 had an average of 199 days on market in Apr 2024, up by 82.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 37847 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in 37847; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 37847, TN

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