$5,694 Closing Credit*
$479,500
3,111 SqFt
5 Beds
•3 Full Baths, 1 Partial
Dallas Reynolds, Listing Office: Dallas Reynolds Real Estate
Is 37042, 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, 37042 was a Seller's Market.
Key Takeaway
37042 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 37042, TN
How much do homes in 37042, TN cost?
Median Sold Price
$294,590
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,590(+5.2%)
Key Takeaway
Homes in 37042 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 37042 was $294,590 in November 2024, up 5.2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $185K | +8.8% |
| 2 Bedrooms | $178.7K | $190.5K | +6.6% |
| 3 Bedrooms | $268.9K | $279.8K | +4.0% |
| 4 Bedrooms | $335.6K | $350K | +4.3% |
| 5+ Bedrooms | $395K | $396.2K | 0.3% |
Summary: 37042 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 37042, TN
How many homes are available in 37042, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 697 | 709 | +1.7% |
Summary: The 37042 real estate market had 709 homes for sale in November 2024, a 1.7% 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 | 19 | 18 | -5.3% |
| 3 Bedrooms | 476 | 461 | -3.2% |
| 4 Bedrooms | 156 | 181 | +16.0% |
| 5+ Bedrooms | 46 | 49 | +6.5% |
Summary: The 37042 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 5.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 | 103 | -32.7% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37042, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 103 homes were sold or pending in 37042 in November 2024, down by 32.7% month-over-month. Of the 103 sold homes, 38% were sold under asking, 48% were sold at asking, and 15% were sold over asking.
Days on Market for 37042, TN
How long does it take to sell a home in 37042, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 46 Days | +100.4% |
Summary: Homes in 37042 had an average of 46 days on market in Nov 2024, up by 100.4% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37042 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 103 homes were sold in 37042; 51% of homes were sold within 30 days, 31% 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.
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