$4,393 Closing Credit*
$369,900
1,413 SqFt
3 Beds
•2 Full Baths
Tammy Jeffers, Listing Office: Benchmark Realty, LLC
Is 37037, 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, 37037 was a Seller's Market.
Key Takeaway
37037 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 37037, TN
How much do homes in 37037, TN cost?
Median Sold Price
$406,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,100(+1.5%)
Key Takeaway
Homes in 37037 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 37037 was $406,000 in October 2024, up 1.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $735K | N/A |
| 2 Bedrooms | $266K | $420K | +57.9% |
| 3 Bedrooms | $379K | $359.9K | -5.0% |
| 4 Bedrooms | $420K | $440.5K | +4.9% |
| 5+ Bedrooms | $668.7K | $699.9K | +4.7% |
Summary: 37037 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 increased by 57.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 37037, TN
How many homes are available in 37037, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 72 | +2.9% |
Summary: The 37037 real estate market had 72 homes for sale in October 2024, a 2.9% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 37037 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 increased by 100%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37037, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 37037 in October 2024, down by 26.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 37037, TN
How long does it take to sell a home in 37037, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +10.8% |
Summary: Homes in 37037 had an average of 37 days on market in Oct 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37037 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 37037; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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.