$4,036 Closing Credit*
$339,900
1,521 SqFt
3 Beds
•2 Full Baths
Sydney B. Hedrick, Listing Office: Byers & Harvey Inc.
Is 37043, 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, 37043 was a Seller's Market.
Key Takeaway
37043 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 37043, TN
How much do homes in 37043, TN cost?
Median Sold Price
$384,920
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,893(-1.3%)
Key Takeaway
Homes in 37043 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 37043 was $384,920 in October 2024, down 1.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $325K | +41.3% |
| 2 Bedrooms | $227K | $229K | +0.9% |
| 3 Bedrooms | $339.9K | $339.8K | 0% |
| 4 Bedrooms | $445.5K | $469.9K | +5.5% |
| 5+ Bedrooms | $497K | $480K | -3.4% |
Summary: 37043 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 37043, TN
How many homes are available in 37043, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 546 | 598 | +9.5% |
Summary: The 37043 real estate market had 598 homes for sale in October 2024, a 9.5% 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 | 36 | 36 | 0.0% |
| 3 Bedrooms | 279 | 312 | +11.8% |
| 4 Bedrooms | 175 | 175 | 0.0% |
| 5+ Bedrooms | 56 | 75 | +33.9% |
Summary: The 37043 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 86 | -4.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37043, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in 37043 in October 2024, down by 4.4% month-over-month. Of the 86 sold homes, 47% were sold under asking, 45% were sold at asking, and 8% were sold over asking.
Days on Market for 37043, TN
How long does it take to sell a home in 37043, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +27.8% |
Summary: Homes in 37043 had an average of 42 days on market in Oct 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37043 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 86 homes were sold in 37043; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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