$4,155 Closing Credit*
$349,900
1,596 SqFt
4 Beds
•2 Full Baths
Dayla Bray- The Preferred Group, Listing Office: Keller Williams Russell Realty & Auction
Is 37047, 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, 37047 has remained a Buyer's Market.
Key Takeaway
37047 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37047, TN
How much do homes in 37047, TN cost?
Median Sold Price
$309,950
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,050(+6.9%)
Key Takeaway
Homes in 37047 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 37047 was $309,950 in November 2024, up 6.9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $38K | $254.4K | +569.6% |
| 3 Bedrooms | $285K | $309.9K | +8.7% |
| 4 Bedrooms | $392.5K | $339K | -13.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 37047 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 569.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes did not change.
Housing Supply in 37047, TN
How many homes are available in 37047, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The 37047 real estate market had 23 homes for sale in November 2024, a 17.9% 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 | 1 | -50.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37047 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 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37047, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 37047 in November 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 37047, TN
How long does it take to sell a home in 37047, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 26 Days | -62.1% |
Summary: Homes in 37047 had an average of 26 days on market in Nov 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37047 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 37047; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.