Is 37218, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37218 was a Seller's Market.
Housing Prices in 37218, TN
How much do homes in 37218, TN cost?
Median Sold Price
$419,585
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37218 was $419,585 in April 2024, up 1.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $418K | - | N/A |
2 Bedrooms | $307.7K | $294.9K | -4.2% |
3 Bedrooms | $384K | $420K | +9.4% |
4 Bedrooms | $730K | $460.1K | -37.0% |
5+ Bedrooms | $540K | $429.9K | -20.4% |
Summary: 37218 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 decreased by 4.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 37%, and 5+ bedroom homes decreased by 20.4%.
Housing Supply in 37218, TN
How many homes are available in 37218, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 128 | +11.3% |
Summary: The 37218 real estate market had 128 homes for sale in April 2024, a 11.3% increase 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 | 17 | 17 | 0.0% |
3 Bedrooms | 60 | 70 | +16.7% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 37218 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 37218 in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 37218, TN
How long does it take to sell a home in 37218, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 37 Days | +30.3% |
Summary: Homes in 37218 had an average of 37 days on market in Apr 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 37218; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.