Is 37931, 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, 37931 has remained a Seller's Market.
Housing Prices in 37931, TN
How much do homes in 37931, TN cost?
Median Sold Price
$429,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37931 was $429,000 in March 2024, up 3.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | - | N/A |
2 Bedrooms | $283.7K | $295K | +4.0% |
3 Bedrooms | $385.6K | $410K | +6.3% |
4 Bedrooms | $476K | $496.6K | +4.3% |
5+ Bedrooms | $540K | $572K | +5.9% |
Summary: 37931 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 4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 37931, TN
How many homes are available in 37931, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 109 | +13.5% |
Summary: The 37931 real estate market had 109 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 50 | 53 | +6.0% |
4 Bedrooms | 35 | 47 | +34.3% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 37931 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 remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 37931 in March 2024, up by 26.9% month-over-month. Of the 33 sold homes, 36% were sold under asking, 39% were sold at asking, and 24% were sold over asking.
Days on Market for 37931, TN
How long does it take to sell a home in 37931, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 43 Days | +21.0% |
Summary: Homes in 37931 had an average of 43 days on market in Mar 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 37931; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.