Is 37918, 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, 37918 has remained a Seller's Market.
Housing Prices in 37918, TN
How much do homes in 37918, TN cost?
Median Sold Price
$336,855
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37918 was $336,855 in March 2024, up 5.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.5K | $157.9K | -1.0% |
2 Bedrooms | $216K | $250K | +15.7% |
3 Bedrooms | $319.6K | $337.1K | +5.5% |
4 Bedrooms | $394.2K | $407.5K | +3.4% |
5+ Bedrooms | $450K | $515K | +14.4% |
Summary: 37918 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in 37918, TN
How many homes are available in 37918, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
190 | 191 | +0.5% |
Summary: The 37918 real estate market had 191 homes for sale in March 2024, a 0.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 23 | 31 | +34.8% |
3 Bedrooms | 112 | 109 | -2.7% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 17 | 12 | -29.4% |
Summary: The 37918 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 34.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 29.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 58 | +5.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in 37918 in March 2024, up by 5.5% month-over-month. Of the 58 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% were sold over asking.
Days on Market for 37918, TN
How long does it take to sell a home in 37918, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 36 Days | -8.8% |
Summary: Homes in 37918 had an average of 36 days on market in Mar 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 58 homes were sold in 37918; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.