Is 37127, 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, 37127 has remained a Seller's Market.
Housing Prices in 37127, TN
How much do homes in 37127, TN cost?
Median Sold Price
$430,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37127 was $430,000 in April 2024, up 1.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $276K | $299.9K | +8.7% |
3 Bedrooms | $399.9K | $399.4K | -0.1% |
4 Bedrooms | $476.2K | $484.5K | +1.7% |
5+ Bedrooms | $450K | $562.9K | +25.1% |
Summary: 37127 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 8.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 25.1%.
Housing Supply in 37127, TN
How many homes are available in 37127, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 151 | -5.0% |
Summary: The 37127 real estate market had 151 homes for sale in April 2024, a 5.0% 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 | 9 | 11 | +22.2% |
3 Bedrooms | 88 | 82 | -6.8% |
4 Bedrooms | 56 | 53 | -5.4% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 37127 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 22.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 31 | -16.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 37127 in April 2024, down by 16.2% month-over-month. Of the 30 sold homes, 43% were sold under asking, 50% were sold at asking, and 7% were sold over asking.
Days on Market for 37127, TN
How long does it take to sell a home in 37127, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 23 Days | -41.8% |
Summary: Homes in 37127 had an average of 23 days on market in Apr 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 37127; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.