$5,486 Closing Credit*
$462,000
3,382 SqFt
4 Beds
•3 Full Baths
Mark D Qualls, Listing Office: Vintage Realty Group
Is 37051, 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, 37051 has remained a Seller's Market.
Key Takeaway
37051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37051, TN
How much do homes in 37051, TN cost?
Median Sold Price
$435,112
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$29,888(-6.4%)
Key Takeaway
Homes in 37051 have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in 37051 was $435,112 in November 2024, down 6.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299.9K | N/A |
| 2 Bedrooms | $84K | $287K | +241.7% |
| 3 Bedrooms | $454.9K | $435K | -4.4% |
| 4 Bedrooms | $534.9K | $449.9K | -15.9% |
| 5+ Bedrooms | $574.9K | - | N/A |
Summary: 37051 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 241.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes did not change.
Housing Supply in 37051, TN
How many homes are available in 37051, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The 37051 real estate market had 12 homes for sale in November 2024, a 33.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37051 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37051, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 37051 in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 37051, TN
How long does it take to sell a home in 37051, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 Days | -30.6% |
Summary: Homes in 37051 had an average of 18 days on market in Nov 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37051 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 37051; 67% of homes were sold within 30 days, 33% 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.
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