$1,900,000
63.00 Acres
Land
Kathy Beata, Listing Office: Charter Properties, LLC
Is 37062, 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, 37062 was a Seller's Market.
Key Takeaway
37062 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37062, TN
How much do homes in 37062, TN cost?
Median Sold Price
$512,362
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,362(+4.6%)
Key Takeaway
Homes in 37062 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 37062 was $512,362 in November 2024, up 4.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $300.9K | $314.2K | +4.4% |
| 3 Bedrooms | $431.6K | $434.9K | +0.8% |
| 4 Bedrooms | $595.5K | $711.4K | +19.5% |
| 5+ Bedrooms | $766.1K | $793.5K | +3.6% |
Summary: 37062 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 4.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 37062, TN
How many homes are available in 37062, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 113 | +36.1% |
Summary: The 37062 real estate market had 113 homes for sale in November 2024, a 36.1% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 50 | 55 | +10.0% |
| 4 Bedrooms | 24 | 43 | +79.2% |
| 5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The 37062 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 79.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37062, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 37062 in November 2024, up by 80.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 50% were sold at asking, and 22% were sold over asking.
Days on Market for 37062, TN
How long does it take to sell a home in 37062, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 42 Days | +116.9% |
Summary: Homes in 37062 had an average of 42 days on market in Nov 2024, up by 116.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37062 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 37062; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.