$275,000
0.53 Acres
Land
Jodie Reynolds, Listing Office: Legacy Signature Properties, LLC
Is 37032, 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, 37032 has remained a Seller's Market.
Key Takeaway
37032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37032, TN
How much do homes in 37032, TN cost?
Median Sold Price
$499,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$92,500(+22.7%)
Key Takeaway
Homes in 37032 have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in 37032 was $499,500 in November 2024, up 22.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $259.9K | N/A |
| 2 Bedrooms | $180K | $235K | +30.6% |
| 3 Bedrooms | $420K | $499.5K | +18.9% |
| 4 Bedrooms | $496.5K | $734.9K | +48.0% |
| 5+ Bedrooms | $568K | $539.9K | -4.9% |
Summary: 37032 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 48%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 37032, TN
How many homes are available in 37032, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The 37032 real estate market had 22 homes for sale in November 2024, a 4.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37032 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 13.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37032, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 37032 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for 37032, TN
How long does it take to sell a home in 37032, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 32 Days | +209.5% |
Summary: Homes in 37032 had an average of 32 days on market in Nov 2024, up by 209.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37032 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 37032; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.