Is 37885, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 37885 was a Buyer's Market.
Housing Prices in 37885, TN
How much do homes in 37885, TN cost?
Median Sold Price
$600,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 37885 was $600,000 in February 2024, up 27% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225.5K | $40K | -82.3% |
2 Bedrooms | $275K | $289K | +5.1% |
3 Bedrooms | $430K | $582.5K | +35.5% |
4 Bedrooms | $944.7K | $890K | -5.8% |
5+ Bedrooms | $1.7M | $1.6M | -6.5% |
Summary: 37885 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.3%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 35.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 37885, TN
How many homes are available in 37885, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 50 | +22.0% |
Summary: The 37885 real estate market had 50 homes for sale in February 2024, a 22.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 37885 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 37885 in February 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% were sold over asking.
Days on Market for 37885, TN
We’re sorry, we don't have information for this market at the moment