Is 37849, 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, 37849 has remained a Seller's Market.
Housing Prices in 37849, TN
How much do homes in 37849, TN cost?
Median Sold Price
$347,963
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37849 was $347,963 in March 2024, up 5.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $214K | N/A |
2 Bedrooms | $210K | $240K | +14.3% |
3 Bedrooms | $315K | $347.5K | +10.3% |
4 Bedrooms | $394.9K | $400K | +1.3% |
5+ Bedrooms | $496K | $459.5K | -7.4% |
Summary: 37849 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 increased by 14.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 37849, TN
How many homes are available in 37849, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 90 | -1.1% |
Summary: The 37849 real estate market had 90 homes for sale in March 2024, a 1.1% decrease 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 | 10 | 7 | -30.0% |
3 Bedrooms | 51 | 54 | +5.9% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37849 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 30%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 37849 in March 2024, up by 12.0% month-over-month. Of the 28 sold homes, 61% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for 37849, TN
How long does it take to sell a home in 37849, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 28 Days | -34.1% |
Summary: Homes in 37849 had an average of 28 days on market in Mar 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 37849; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.