$4,750 Closing Credit*
$399,999
2,000 SqFt
3 Beds
•2 Full Baths
Gabriela Fletcher, Listing Office: Benchmark Realty, LLC
Is 37015, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37015 was a Neutral Market.
Key Takeaway
37015 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37015, TN
How much do homes in 37015, TN cost?
Median Sold Price
$350,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+5.4%)
Key Takeaway
Homes in 37015 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 37015 was $350,000 in October 2024, up 5.4% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $269.9K | +22.1% |
| 2 Bedrooms | $299.7K | $280K | -6.6% |
| 3 Bedrooms | $335K | $346.4K | +3.4% |
| 4 Bedrooms | $349.9K | $508.7K | +45.4% |
| 5+ Bedrooms | $989.9K | $315K | -68.2% |
Summary: 37015 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 45.4%, and 5+ bedroom homes decreased by 68.2%.
Housing Supply in 37015, TN
How many homes are available in 37015, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 111 | +1.8% |
Summary: The 37015 real estate market had 111 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 72 | 68 | -5.6% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 37015 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 35.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37015, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in 37015 in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 37015, TN
How long does it take to sell a home in 37015, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +16.1% |
Summary: Homes in 37015 had an average of 31 days on market in Oct 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37015 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 37015; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% 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.