$7,006 Closing Credit*
$590,000
3,105 SqFt
3 Beds
•2 Full Baths, 1 Partial
Curtis Phillips, Listing Office: Benchmark Realty, LLC
Is 37022, 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, 37022 was a Buyer'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
$460,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,000(+18.6%)
Key Takeaway
Homes in 37022 have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in 37022 was $460,000 in October 2024, up 18.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342K | $425K | +24.3% |
| 2 Bedrooms | $409K | $285K | -30.3% |
| 3 Bedrooms | $375K | $367.4K | -2.0% |
| 4 Bedrooms | $541.4K | $639.7K | +18.2% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: 37022 housing prices by bedroom type for October 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 18.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The 37022 real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37022 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37022, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 37022 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +96.9% |
Summary: Homes in 37022 had an average of 34 days on market in Oct 2024, up by 96.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37022 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 37022; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.