Is 37221, 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, 37221 has remained a Seller's Market.
Housing Prices in 37221, TN
How much do homes in 37221, TN cost?
Median Sold Price
$472,894
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 37221 was $472,894 in April 2024, up 1.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.9K | $224K | -1.7% |
2 Bedrooms | $356.7K | $380K | +6.5% |
3 Bedrooms | $473.5K | $466.7K | -1.4% |
4 Bedrooms | $615K | $684.3K | +11.3% |
5+ Bedrooms | $760K | $784.9K | +3.3% |
Summary: 37221 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 37221, TN
How many homes are available in 37221, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
230 | 234 | +1.7% |
Summary: The 37221 real estate market had 234 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 65 | 60 | -7.7% |
3 Bedrooms | 84 | 81 | -3.6% |
4 Bedrooms | 62 | 75 | +21.0% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 37221 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 21%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 50 | -21.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in 37221 in April 2024, down by 21.9% month-over-month. Of the 50 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 37221, TN
How long does it take to sell a home in 37221, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 32 Days | +116.4% |
Summary: Homes in 37221 had an average of 32 days on market in Apr 2024, up by 116.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in 37221; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.