$10,000 Closing Credit*
$2,350,000
12,340 SqFt
Johnathan Wyatt Blick, Listing Office: Keller Williams Realty
Is 37040, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37040 was a Seller's Market.
Key Takeaway
37040 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37040, TN
How much do homes in 37040, TN cost?
Median Sold Price
$302,200
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,200(+2.4%)
Key Takeaway
Homes in 37040 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 37040 was $302,200 in November 2024, up 2.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $189.9K | +24.1% |
| 2 Bedrooms | $220K | $210K | -4.5% |
| 3 Bedrooms | $285K | $298.7K | +4.8% |
| 4 Bedrooms | $351.8K | $362K | +2.9% |
| 5+ Bedrooms | $393K | $405K | +3.1% |
Summary: 37040 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 37040, TN
How many homes are available in 37040, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 407 | 411 | +1.0% |
Summary: The 37040 real estate market had 411 homes for sale in November 2024, a 1.0% increase 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 | 53 | 55 | +3.8% |
| 3 Bedrooms | 205 | 209 | +2.0% |
| 4 Bedrooms | 122 | 121 | -0.8% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The 37040 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 increased by 3.8%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 39 | -43.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37040, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 39 homes were sold or pending in 37040 in November 2024, down by 43.5% month-over-month. Of the 39 sold homes, 36% were sold under asking, 46% were sold at asking, and 18% were sold over asking.
Days on Market for 37040, TN
How long does it take to sell a home in 37040, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 34 Days | +32.4% |
Summary: Homes in 37040 had an average of 34 days on market in Nov 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37040 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in 37040; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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