$3,918 Closing Credit*
$329,900
1,294 SqFt
3 Beds
•2 Full Baths
Renee Duke Miller, Listing Office: Exit Realty Bob Lamb & Associates
Is 37020, 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, 37020 was a Seller's Market.
Key Takeaway
37020 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37020, TN
How much do homes in 37020, TN cost?
Median Sold Price
$415,450
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,450(+3.9%)
Key Takeaway
Homes in 37020 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 37020 was $415,450 in October 2024, up 3.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $480K | $375K | -21.9% |
| 3 Bedrooms | $355K | $389.9K | +9.8% |
| 4 Bedrooms | $448.7K | $462.2K | +3.0% |
| 5+ Bedrooms | $474.4K | $499.9K | +5.4% |
Summary: 37020 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 37020, TN
How many homes are available in 37020, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The 37020 real estate market had 27 homes for sale in October 2024, a 12.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37020 housing inventory by bedroom type for October 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 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37020, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 37020 in October 2024, down by 55.6% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 37020, TN
How long does it take to sell a home in 37020, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 27 Days | +260.7% |
Summary: Homes in 37020 had an average of 27 days on market in Oct 2024, up by 260.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37020 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 37020; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.