$3,443 Closing Credit*
$289,900
1,158 SqFt
3 Beds
•1 Full Bath, 1 Partial
Debbie Spurlock, Broker, Listing Office: Red Bird Realty
Is 37055, 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, 37055 has remained a Seller's Market.
Key Takeaway
37055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37055, TN
How much do homes in 37055, TN cost?
Median Sold Price
$358,250
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,375(+9.6%)
Key Takeaway
Homes in 37055 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 37055 was $358,250 in October 2024, up 9.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225.9K | $330K | +46.1% |
| 2 Bedrooms | $245K | $249.9K | +2.0% |
| 3 Bedrooms | $329K | $354K | +7.6% |
| 4 Bedrooms | $408.5K | $437.5K | +7.1% |
| 5+ Bedrooms | $441.4K | $449.9K | +1.9% |
Summary: 37055 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 37055, TN
How many homes are available in 37055, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 153 | 171 | +11.8% |
Summary: The 37055 real estate market had 171 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 100 | 116 | +16.0% |
| 4 Bedrooms | 29 | 34 | +17.2% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 37055 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 25%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37055, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 37055 in October 2024, up by 20.7% month-over-month. Of the 35 sold homes, 54% were sold under asking, 26% were sold at asking, and 20% were sold over asking.
Days on Market for 37055, TN
How long does it take to sell a home in 37055, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 38 Days | +100.6% |
Summary: Homes in 37055 had an average of 38 days on market in Oct 2024, up by 100.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37055 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in 37055; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% 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.