$68,170
8.40 Acres
Land
Liz Fortier-Preston, Listing Office: Byers & Harvey Inc.
Is 37058, 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, 37058 has remained a Seller's Market.
Key Takeaway
37058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37058, TN
How much do homes in 37058, TN cost?
Median Sold Price
$280,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+4.1%)
Key Takeaway
Homes in 37058 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 37058 was $280,000 in October 2024, up 4.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $200K | -25.2% |
| 2 Bedrooms | $175K | $205K | +17.1% |
| 3 Bedrooms | $293.9K | $300K | +2.1% |
| 4 Bedrooms | $398.5K | $492.5K | +23.6% |
| 5+ Bedrooms | $380K | $377.5K | -0.7% |
Summary: 37058 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 37058, TN
How many homes are available in 37058, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The 37058 real estate market had 37 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 37058 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
7 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 37058, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 37058 in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 37058, TN
How long does it take to sell a home in 37058, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 48 Days | -36.8% |
Summary: Homes in 37058 had an average of 48 days on market in Oct 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37058 has remained consistent over time.
Summary: During October 2024, 10 homes were sold in 37058; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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.