$139,900
9.70 Acres
Land
Stacey Brawner, Listing Office: BHGRE, Ben Bray & Associates
Is 37022, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 37022 has remained a Seller's Market.
Key Takeaway
37022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37022, TN
How much do homes in 37022, TN cost?
Median Sold Price
$479,900
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,900(+20.9%)
Key Takeaway
Homes in 37022 have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in 37022 was $479,900 in November 2024, up 20.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342K | $425K | +24.3% |
| 2 Bedrooms | $409K | $285K | -30.3% |
| 3 Bedrooms | $377.5K | $370K | -2.0% |
| 4 Bedrooms | $562.9K | $644.8K | +14.6% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: 37022 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes decreased by 30.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes did not change.
Housing Supply in 37022, TN
How many homes are available in 37022, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The 37022 real estate market had 25 homes for sale in November 2024, a 13.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37022 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 5.9%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37022, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 37022 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 37022, TN
How long does it take to sell a home in 37022, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 62 Days | +37.0% |
Summary: Homes in 37022 had an average of 62 days on market in Nov 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37022 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 37022; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.