$10,000 Closing Credit*
$1,700,000
4,293 SqFt
4 Beds
•3 Full Baths, 1 Partial
Amanda Morris, Listing Office: Keller Williams Realty
Is 37027, 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, 37027 was a Seller's Market.
Key Takeaway
37027 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 37027, TN
How much do homes in 37027, TN cost?
Median Sold Price
$1,221,285
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$220,819(+22.1%)
Key Takeaway
Homes in 37027 have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in 37027 was $1,221,285 in October 2024, up 22.1% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $275K | +4.8% |
| 2 Bedrooms | $419.9K | $362.7K | -13.6% |
| 3 Bedrooms | $595K | $650K | +9.2% |
| 4 Bedrooms | $1.0M | $1.1M | +13.0% |
| 5+ Bedrooms | $1.8M | $1.9M | +4.9% |
Summary: 37027 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 37027, TN
How many homes are available in 37027, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 317 | 346 | +9.1% |
Summary: The 37027 real estate market had 346 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 49 | 57 | +16.3% |
| 4 Bedrooms | 111 | 120 | +8.1% |
| 5+ Bedrooms | 143 | 154 | +7.7% |
Summary: The 37027 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 increased by 8.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 57 | +16.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37027, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 37027 in October 2024, up by 16.3% month-over-month. Of the 57 sold homes, 65% were sold under asking, 23% were sold at asking, and 12% were sold over asking.
Days on Market for 37027, TN
How long does it take to sell a home in 37027, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 36 Days | -18.8% |
Summary: Homes in 37027 had an average of 36 days on market in Oct 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37027 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 57 homes were sold in 37027; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% 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.