Is 37207, 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, 37207 has remained a Buyer's Market.
Housing Prices in 37207, TN
How much do homes in 37207, TN cost?
Median Sold Price
$405,839
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37207 was $405,839 in April 2024, down 2.7% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $356.1K | $299.9K | -15.8% |
2 Bedrooms | $379K | $363.7K | -4.0% |
3 Bedrooms | $401.9K | $410K | +2.0% |
4 Bedrooms | $475K | $525.4K | +10.6% |
5+ Bedrooms | $513.3K | $539K | +5.0% |
Summary: 37207 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 5%.
Housing Supply in 37207, TN
How many homes are available in 37207, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
343 | 365 | +6.4% |
Summary: The 37207 real estate market had 365 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 32 | 43 | +34.4% |
3 Bedrooms | 181 | 189 | +4.4% |
4 Bedrooms | 100 | 104 | +4.0% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 37207 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 34.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 52 | -22.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in 37207 in April 2024, down by 22.4% month-over-month. Of the 52 sold homes, 48% were sold under asking, 37% were sold at asking, and 15% were sold over asking.
Days on Market for 37207, TN
How long does it take to sell a home in 37207, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +9.2% |
Summary: Homes in 37207 had an average of 25 days on market in Apr 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in 37207; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.