$6,798 Closing Credit*
$572,478
2,524 SqFt
3 Beds
•2 Full Baths, 1 Partial
Constance Gleaton, Listing Office: Richmond American Homes of Tennessee Inc
Is 37014, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37014 was a Neutral Market.
Key Takeaway
37014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37014, TN
How much do homes in 37014, TN cost?
Median Sold Price
$961,925
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,681(-1.8%)
Key Takeaway
Homes in 37014 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 37014 was $961,925 in November 2024, down 1.8% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $395K | N/A |
| 2 Bedrooms | $445K | $889.3K | +99.9% |
| 3 Bedrooms | $557.5K | $872.4K | +56.5% |
| 4 Bedrooms | $940K | $949.9K | +1.1% |
| 5+ Bedrooms | $1.1M | $1.0M | -7.9% |
Summary: 37014 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 99.9%, 3 bedroom homes increased by 56.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 37014, TN
How many homes are available in 37014, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 71 | -9.0% |
Summary: The 37014 real estate market had 71 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 35 | 32 | -8.6% |
Summary: The 37014 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37014, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 37014 in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 37014, TN
How long does it take to sell a home in 37014, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | 0.1% |
Summary: Homes in 37014 had an average of 35 days on market in Nov 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37014 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 37014; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.