Is 37922, 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, 37922 has remained a Seller's Market.
Housing Prices in 37922, TN
How much do homes in 37922, TN cost?
Median Sold Price
$631,624
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37922 was $631,624 in March 2024, up 10.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $220K | N/A |
2 Bedrooms | $260K | $285K | +9.6% |
3 Bedrooms | $440K | $487K | +10.7% |
4 Bedrooms | $599.9K | $672.9K | +12.2% |
5+ Bedrooms | $812.6K | $975K | +20.0% |
Summary: 37922 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 20%.
Housing Supply in 37922, TN
How many homes are available in 37922, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 132 | -10.2% |
Summary: The 37922 real estate market had 132 homes for sale in March 2024, a 10.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 42 | 35 | -16.7% |
4 Bedrooms | 72 | 66 | -8.3% |
5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The 37922 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 33 | -21.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 37922 in March 2024, down by 21.4% month-over-month. Of the 33 sold homes, 61% were sold under asking, 12% were sold at asking, and 27% were sold over asking.
Days on Market for 37922, TN
How long does it take to sell a home in 37922, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 42 Days | +40.9% |
Summary: Homes in 37922 had an average of 42 days on market in Mar 2024, up by 40.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 37922; 55% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.