$3,205 Closing Credit*
$269,900
1,176 SqFt
3 Beds
•2 Full Baths
T. Kent Davis, Listing Office: Homestead-Kent Davis Realty & Aucti
Is 37047, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37047 has remained a Seller's Market.
Key Takeaway
37047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37047, TN
How much do homes in 37047, TN cost?
Median Sold Price
$312,900
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,900(+9.8%)
Key Takeaway
Homes in 37047 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 37047 was $312,900 in October 2024, up 9.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $38K | $254.4K | +569.6% |
| 3 Bedrooms | $279.9K | $309.9K | +10.7% |
| 4 Bedrooms | $395K | $364.5K | -7.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 37047 housing prices by bedroom type for October 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 10.7%, 4 bedroom homes decreased by 7.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The 37047 real estate market had 28 homes for sale in October 2024, a 3.4% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37047 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 decreased by 33.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37047, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 37047 in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 13 Days | +12.7% |
Summary: Homes in 37047 had an average of 13 days on market in Oct 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 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 October 2024, 10 homes were sold in 37047; 80% of homes were sold within 30 days, 20% 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.