$950,000
79.80 Acres
Land
Brice Lewis, Listing Office: Century 21 Platinum Properties
Is 37061, 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, 37061 was a Seller's Market.
Key Takeaway
37061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37061, TN
How much do homes in 37061, TN cost?
Median Sold Price
$230,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+5.5%)
Key Takeaway
Homes in 37061 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 37061 was $230,000 in November 2024, up 5.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $145K | +222.2% |
| 2 Bedrooms | $175K | $141.5K | -19.1% |
| 3 Bedrooms | $230K | $220K | -4.3% |
| 4 Bedrooms | $379.5K | $387.5K | +2.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 37061 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 222.2%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 37061 | $218K | $230K | +5.5% |
| 37101 | $270K | $278.7K | +3.2% |
Housing Supply in 37061, TN
How many homes are available in 37061, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The 37061 real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37061 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 decreased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37061, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 37061 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 37061, TN
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37061 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 37061; 100% of homes were sold within 30 days, 0% 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.