Is 37902, 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, 37902 has remained a Seller's Market.
Housing Prices in 37902, TN
How much do homes in 37902, TN cost?
Median Sold Price
$550,000
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37902 was $550,000 in March 2024, up 0.9% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $356K | $512K | +43.8% |
2 Bedrooms | $570K | $605K | +6.1% |
3 Bedrooms | $550K | $851.5K | +54.8% |
4 Bedrooms | $1.4M | $1.2M | -17.0% |
5+ Bedrooms | - | - | N/A |
Summary: 37902 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 54.8%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes did not change.
Housing Supply in 37902, TN
How many homes are available in 37902, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The 37902 real estate market had 16 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37902 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 remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 37902 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 37902, TN
How long does it take to sell a home in 37902, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 35 Days | +231.8% |
Summary: Homes in 37902 had an average of 35 days on market in Mar 2024, up by 231.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 37902; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.