Is 37217, 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, 37217 has remained a Seller's Market.
Housing Prices in 37217, TN
How much do homes in 37217, TN cost?
Median Sold Price
$314,166
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37217 was $314,166 in April 2024, down 0.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $250K | +8.7% |
2 Bedrooms | $265K | $260K | -1.9% |
3 Bedrooms | $358K | $320K | -10.6% |
4 Bedrooms | $386.9K | $410K | +6.0% |
5+ Bedrooms | $407.9K | $505K | +23.8% |
Summary: 37217 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23.8%.
Housing Supply in 37217, TN
How many homes are available in 37217, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 114 | +14.0% |
Summary: The 37217 real estate market had 114 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 15 | -6.3% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 46 | 58 | +26.1% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 37217 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 32 | +45.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 37217 in April 2024, up by 45.5% month-over-month. Of the 31 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for 37217, TN
How long does it take to sell a home in 37217, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 14 Days | -45.0% |
Summary: Homes in 37217 had an average of 14 days on market in Apr 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 37217; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.