$3,859 Closing Credit*
$325,000
1,552 SqFt
3 Beds
•2 Full Baths, 1 Partial
Mallie Hooven, Listing Office: Mark Spain Real Estate
Is 37040, 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, 37040 was a Seller's Market.
Key Takeaway
37040 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 37040, TN
How much do homes in 37040, TN cost?
Median Sold Price
$300,043
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,060(+1.7%)
Key Takeaway
Homes in 37040 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 37040 was $300,043 in October 2024, up 1.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $189.9K | +24.1% |
| 2 Bedrooms | $220K | $210K | -4.5% |
| 3 Bedrooms | $284.9K | $297.8K | +4.5% |
| 4 Bedrooms | $352.6K | $360K | +2.1% |
| 5+ Bedrooms | $402.4K | $399K | -0.9% |
Summary: 37040 housing prices by bedroom type for October 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 4.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 37040, TN
How many homes are available in 37040, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 410 | 433 | +5.6% |
Summary: The 37040 real estate market had 433 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 57 | 61 | +7.0% |
| 3 Bedrooms | 208 | 213 | +2.4% |
| 4 Bedrooms | 120 | 129 | +7.5% |
| 5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The 37040 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 7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 66 | -9.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37040, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in 37040 in October 2024, down by 9.6% month-over-month. Of the 66 sold homes, 41% were sold under asking, 41% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 Days | +25.5% |
Summary: Homes in 37040 had an average of 44 days on market in Oct 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 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 October 2024, 66 homes were sold in 37040; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% 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. 
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.