Is 37042, 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, 37042 has remained a Seller's Market.
Key Takeaway
37042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37042, TN
How much do homes in 37042, TN cost?
Median Sold Price
$289,436
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37042 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 37042 was $289,436 in April 2024, up 1.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $177.5K | +34.0% |
| 2 Bedrooms | $178.7K | $175K | -2.1% |
| 3 Bedrooms | $265K | $274.8K | +3.7% |
| 4 Bedrooms | $340K | $344.8K | +1.4% |
| 5+ Bedrooms | $390K | $400K | +2.6% |
Summary: 37042 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 37042, TN
How many homes are available in 37042, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 731 | 725 | -0.8% |
Summary: The 37042 real estate market had 725 homes for sale in April 2024, a 0.8% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 496 | 495 | -0.2% |
| 4 Bedrooms | 173 | 172 | -0.6% |
| 5+ Bedrooms | 55 | 48 | -12.7% |
Summary: The 37042 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 42.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 12.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 163 | 153 | -6.1% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37042, expect to pay close to the asking price. 56.2% of homes here sold near the asking price last month.
Summary: A total of 153 homes were sold or pending in 37042 in April 2024, down by 6.1% month-over-month. Of the 153 sold homes, 27% were sold under asking, 56% were sold at asking, and 16% were sold over asking.
Days on Market for 37042, TN
How long does it take to sell a home in 37042, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 33 Days | -27.9% |
Summary: Homes in 37042 had an average of 33 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37042 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 153 homes were sold in 37042; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.