$7,268 Closing Credit*
$612,000
2,700 SqFt
4 Beds
•3 Full Baths, 1 Partial
Michael Yoon, Listing Office: Mark Spain Real Estate
Is 37062, 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, 37062 has remained a Buyer's Market.
Key Takeaway
37062 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37062, TN
How much do homes in 37062, TN cost?
Median Sold Price
$536,345
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,902(+9.8%)
Key Takeaway
Homes in 37062 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 37062 was $536,345 in October 2024, up 9.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $284.9K | $305.2K | +7.1% |
| 3 Bedrooms | $439.9K | $430K | -2.3% |
| 4 Bedrooms | $606.8K | $696.7K | +14.8% |
| 5+ Bedrooms | $762.3K | $784.2K | +2.9% |
Summary: 37062 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in 37062, TN
How many homes are available in 37062, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 97 | +3.2% |
Summary: The 37062 real estate market had 97 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 56 | 56 | 0.0% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 37062 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 remained the same, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 9 | -60.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37062, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 37062 in October 2024, down by 60.9% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 88 Days | +104.8% |
Summary: Homes in 37062 had an average of 88 days on market in Oct 2024, up by 104.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 9 homes were sold in 37062; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.