Is 37865, 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, 37865 has remained a Seller's Market.
Housing Prices in 37865, TN
How much do homes in 37865, TN cost?
Median Sold Price
$362,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37865 was $362,500 in March 2024, up 3.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.9K | $111K | -32.7% |
2 Bedrooms | $257.4K | $258.5K | 0.4% |
3 Bedrooms | $338K | $360K | +6.5% |
4 Bedrooms | $443.4K | $430K | -3.0% |
5+ Bedrooms | $675K | $575K | -14.8% |
Summary: 37865 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 14.8%.
Housing Supply in 37865, TN
How many homes are available in 37865, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 80 | -2.4% |
Summary: The 37865 real estate market had 80 homes for sale in March 2024, a 2.4% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 60 | 60 | 0.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 37865 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 37865 in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 63% were sold under asking, 31% were sold at asking, and 6% were sold over asking.
Days on Market for 37865, TN
How long does it take to sell a home in 37865, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 33 Days | -46.2% |
Summary: Homes in 37865 had an average of 33 days on market in Mar 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 37865; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.