$10,000 Closing Credit*
$899,000
2,842 SqFt
3 Beds
•2 Full Baths
Listing Office: RP 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 November 2023
Since last year, 37037 has remained a Seller's Market.
Key Takeaway
37037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37037, TN
How much do homes in 37037, TN cost?
Median Sold Price
$409,900
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.5%)
Key Takeaway
Homes in 37037 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 37037 was $409,900 in November 2024, up 2.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $735K | N/A |
| 2 Bedrooms | $260K | $420K | +61.5% |
| 3 Bedrooms | $379K | $359.9K | -5.0% |
| 4 Bedrooms | $423.8K | $445.9K | +5.2% |
| 5+ Bedrooms | $662.5K | $699.9K | +5.7% |
Summary: 37037 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 61.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 37037, TN
How many homes are available in 37037, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Summary: The 37037 real estate market had 61 homes for sale in November 2024, a 6.2% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 35 | 33 | -5.7% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 37037 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 decreased by 100%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37037, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in 37037 in November 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 71% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -38.4% |
Summary: Homes in 37037 had an average of 33 days on market in Nov 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 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 November 2024, 14 homes were sold in 37037; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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.