Is 37206, 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, 37206 has remained a Seller's Market.
Housing Prices in 37206, TN
How much do homes in 37206, TN cost?
Median Sold Price
$735,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37206 was $735,000 in April 2024, up 14.8% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $321.9K | $366.2K | +13.8% |
2 Bedrooms | $456.5K | $450K | -1.4% |
3 Bedrooms | $629.8K | $656.8K | +4.3% |
4 Bedrooms | $855K | $849.9K | -0.6% |
5+ Bedrooms | $1.0M | $1.0M | +4.9% |
Summary: 37206 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 37206, TN
How many homes are available in 37206, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
199 | 239 | +20.1% |
Summary: The 37206 real estate market had 239 homes for sale in April 2024, a 20.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 23 | 35 | +52.2% |
3 Bedrooms | 89 | 102 | +14.6% |
4 Bedrooms | 66 | 74 | +12.1% |
5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 37206 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 52.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 53 | +39.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 37206 in April 2024, up by 39.5% month-over-month. Of the 53 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.
Days on Market for 37206, TN
How long does it take to sell a home in 37206, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 28 Days | -11.6% |
Summary: Homes in 37206 had an average of 28 days on market in Apr 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in 37206; 75% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.