Is 37854, 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, 37854 has remained a Seller's Market.
Housing Prices in 37854, TN
How much do homes in 37854, TN cost?
Median Sold Price
$225,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37854 was $225,000 in March 2024, up 0.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $129K | N/A |
2 Bedrooms | $170K | $175K | +2.9% |
3 Bedrooms | $235K | $222.5K | -5.3% |
4 Bedrooms | $218K | $272.4K | +25.0% |
5+ Bedrooms | $348K | $375K | +7.8% |
Summary: 37854 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 2.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Zip Codes
37748 | $185K | $238K | +28.6% |
37854 | $224K | $225K | 0.4% |
Housing Supply in 37854, TN
How many homes are available in 37854, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 62 | +12.7% |
Summary: The 37854 real estate market had 62 homes for sale in March 2024, a 12.7% 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 | 10 | 13 | +30.0% |
3 Bedrooms | 32 | 36 | +12.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 37854 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 increased by 30%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 37854 in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for 37854, TN
How long does it take to sell a home in 37854, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 44 Days | +37.4% |
Summary: Homes in 37854 had an average of 44 days on market in Mar 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 37854; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.