Is 37215, 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, 37215 has remained a Seller's Market.
Housing Prices in 37215, TN
How much do homes in 37215, TN cost?
Median Sold Price
$1,143,920
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37215 was $1,143,920 in April 2024, up 4.5% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $260K | +8.3% |
2 Bedrooms | $425K | $430K | +1.2% |
3 Bedrooms | $845K | $905K | +7.1% |
4 Bedrooms | $1.5M | $1.5M | 0.0% |
5+ Bedrooms | $2.7M | $2.6M | -4.6% |
Summary: 37215 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in 37215, TN
How many homes are available in 37215, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
269 | 288 | +7.1% |
Summary: The 37215 real estate market had 288 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 52 | 58 | +11.5% |
4 Bedrooms | 91 | 94 | +3.3% |
5+ Bedrooms | 88 | 100 | +13.6% |
Summary: The 37215 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 decreased by 7.4%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 58 | +11.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in 37215 in April 2024, up by 11.5% month-over-month. Of the 58 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for 37215, TN
How long does it take to sell a home in 37215, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 31 Days | -8.0% |
Summary: Homes in 37215 had an average of 31 days on market in Apr 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in 37215; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.