Is 37938, 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, 37938 has remained a Seller's Market.
Housing Prices in 37938, TN
How much do homes in 37938, TN cost?
Median Sold Price
$385,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37938 was $385,000 in April 2024, up 10% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $230K | $257.5K | +12.0% |
3 Bedrooms | $330K | $358K | +8.5% |
4 Bedrooms | $427.2K | $490.7K | +14.9% |
5+ Bedrooms | $494.9K | $499.9K | +1.0% |
Summary: 37938 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 12%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 1%.
Housing Supply in 37938, TN
How many homes are available in 37938, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 81 | -9.0% |
Summary: The 37938 real estate market had 81 homes for sale in April 2024, a 9.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 52 | 44 | -15.4% |
4 Bedrooms | 25 | 22 | -12.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 37938 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 80%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 32 | +6.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 37938 in April 2024, up by 6.7% month-over-month. Of the 31 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.
Days on Market for 37938, TN
How long does it take to sell a home in 37938, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 21 Days | -49.6% |
Summary: Homes in 37938 had an average of 21 days on market in Apr 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 37938; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.