$5,225 Closing Credit*
$439,988
2,392 SqFt
4 Beds
•3 Full Baths
Darlene Flaxman, Listing Office: Richmond American Homes of Tennessee Inc
Is 37055, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37055 was a Seller's Market.
Key Takeaway
37055 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37055, TN
How much do homes in 37055, TN cost?
Median Sold Price
$357,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,570(+7.7%)
Key Takeaway
Homes in 37055 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 37055 was $357,500 in November 2024, up 7.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.9K | $385K | +68.9% |
| 2 Bedrooms | $252K | $248.4K | -1.4% |
| 3 Bedrooms | $334.8K | $352.6K | +5.3% |
| 4 Bedrooms | $406.7K | $448.4K | +10.3% |
| 5+ Bedrooms | $420.9K | $449.9K | +6.9% |
Summary: 37055 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 37055, TN
How many homes are available in 37055, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 144 | -4.6% |
Summary: The 37055 real estate market had 144 homes for sale in November 2024, a 4.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 104 | 100 | -3.8% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The 37055 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 19 | -51.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37055, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 37055 in November 2024, down by 51.3% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 38 Days | +18.2% |
Summary: Homes in 37055 had an average of 38 days on market in Nov 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37055 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 37055; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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.