Is 37923, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37923 has remained a Seller's Market.
Housing Prices in 37923, TN
How much do homes in 37923, TN cost?
Median Sold Price
$384,883
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37923 was $384,883 in April 2024, up 5.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163.7K | - | N/A |
2 Bedrooms | $250K | $258.5K | +3.4% |
3 Bedrooms | $350K | $380K | +8.6% |
4 Bedrooms | $447K | $470K | +5.1% |
5+ Bedrooms | $477.4K | $540K | +13.1% |
Summary: 37923 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in 37923, TN
How many homes are available in 37923, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 101 | -1.9% |
Summary: The 37923 real estate market had 101 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 26 | +52.9% |
3 Bedrooms | 46 | 40 | -13.0% |
4 Bedrooms | 32 | 27 | -15.6% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 37923 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 52.9%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 23 | -30.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 37923 in April 2024, down by 30.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% were sold over asking.
Days on Market for 37923, TN
How long does it take to sell a home in 37923, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 18 Days | +46.3% |
Summary: Homes in 37923 had an average of 18 days on market in Apr 2024, up by 46.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 37923; 91% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.