Is 37920, 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, 37920 has remained a Seller's Market.
Housing Prices in 37920, TN
How much do homes in 37920, TN cost?
Median Sold Price
$330,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37920 was $330,000 in March 2024, up 10.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.7K | $357.4K | +114.3% |
2 Bedrooms | $223.5K | $250K | +11.9% |
3 Bedrooms | $307.2K | $332.3K | +8.2% |
4 Bedrooms | $344.9K | $410K | +18.9% |
5+ Bedrooms | $346.8K | $437.6K | +26.2% |
Summary: 37920 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 26.2%.
Housing Supply in 37920, TN
How many homes are available in 37920, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 162 | +10.2% |
Summary: The 37920 real estate market had 162 homes for sale in March 2024, a 10.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 28 | 34 | +21.4% |
3 Bedrooms | 75 | 81 | +8.0% |
4 Bedrooms | 38 | 39 | +2.6% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 37920 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in 37920 in March 2024, up by 25.7% month-over-month. Of the 44 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for 37920, TN
How long does it take to sell a home in 37920, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 34 Days | +32.3% |
Summary: Homes in 37920 had an average of 34 days on market in Mar 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in 37920; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.