Is 37924, 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, 37924 has remained a Seller's Market.
Housing Prices in 37924, TN
How much do homes in 37924, TN cost?
Median Sold Price
$333,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37924 was $333,000 in March 2024, up 7.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $240K | +80.5% |
2 Bedrooms | $222.5K | $227.5K | +2.2% |
3 Bedrooms | $305K | $335K | +9.8% |
4 Bedrooms | $391.9K | $385K | -1.8% |
5+ Bedrooms | $865K | $325.5K | -62.4% |
Summary: 37924 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 62.4%.
Housing Supply in 37924, TN
How many homes are available in 37924, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 64 | +6.7% |
Summary: The 37924 real estate market had 64 homes for sale in March 2024, a 6.7% 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 | 3 | 7 | +133.3% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 37924 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 133.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 37924 in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for 37924, TN
How long does it take to sell a home in 37924, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -9.2% |
Summary: Homes in 37924 had an average of 30 days on market in Mar 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 37924; 82% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.