Is 37876, 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, 37876 was a Seller's Market.
Housing Prices in 37876, TN
How much do homes in 37876, TN cost?
Median Sold Price
$440,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37876 was $440,000 in March 2024, down 2.7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $409K | -14.8% |
2 Bedrooms | $506.5K | $446K | -11.9% |
3 Bedrooms | $409.9K | $406K | -1.0% |
4 Bedrooms | $550K | $765K | +39.1% |
5+ Bedrooms | $710K | $1.3M | +94.4% |
Summary: 37876 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 94.4%.
Housing Supply in 37876, TN
How many homes are available in 37876, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
328 | 380 | +15.9% |
Summary: The 37876 real estate market had 380 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 46 | +35.3% |
2 Bedrooms | 94 | 104 | +10.6% |
3 Bedrooms | 124 | 141 | +13.7% |
4 Bedrooms | 45 | 57 | +26.7% |
5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The 37876 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 37876 in March 2024, up by 32.3% month-over-month. Of the 40 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 37876, TN
How long does it take to sell a home in 37876, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 49 Days | -19.5% |
Summary: Homes in 37876 had an average of 49 days on market in Mar 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 37876; 49% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.