Is 37921, 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, 37921 has remained a Seller's Market.
Housing Prices in 37921, TN
How much do homes in 37921, TN cost?
Median Sold Price
$292,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37921 was $292,500 in March 2024, up 10.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $193.7K | +103.9% |
2 Bedrooms | $185K | $210K | +13.5% |
3 Bedrooms | $270.3K | $300K | +11.0% |
4 Bedrooms | $308.5K | $324.7K | +5.3% |
5+ Bedrooms | $290K | $409.8K | +41.3% |
Summary: 37921 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.9%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 41.3%.
Housing Supply in 37921, TN
How many homes are available in 37921, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 121 | +19.8% |
Summary: The 37921 real estate market had 121 homes for sale in March 2024, a 19.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 56 | 65 | +16.1% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37921 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 increased by 14.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 40 | +100.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 37921 in March 2024, up by 100.0% month-over-month. Of the 40 sold homes, 63% were sold under asking, 18% were sold at asking, and 20% were sold over asking.
Days on Market for 37921, TN
How long does it take to sell a home in 37921, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 33 Days | +45.0% |
Summary: Homes in 37921 had an average of 33 days on market in Mar 2024, up by 45% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 37921; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.