$2,671 Closing Credit*
$224,900
1,000 SqFt
3 Beds
•1 Full Bath
Ben D. Bray, Listing Office: BHGRE, Ben Bray & Associates
Is 37074, 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, 37074 was a Seller's Market.
Key Takeaway
37074 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37074, TN
How much do homes in 37074, TN cost?
Median Sold Price
$325,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$24,050(-6.9%)
Key Takeaway
Homes in 37074 have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in 37074 was $325,950 in November 2024, down 6.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $125K | -47.9% |
| 2 Bedrooms | $229.9K | $260K | +13.1% |
| 3 Bedrooms | $350K | $325.9K | -6.9% |
| 4 Bedrooms | $373.5K | $385K | +3.1% |
| 5+ Bedrooms | $882.5K | $216K | -75.5% |
Summary: 37074 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.9%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 75.5%.
Housing Supply in 37074, TN
How many homes are available in 37074, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The 37074 real estate market had 41 homes for sale in November 2024, a 4.7% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 37074 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 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37074, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37074 in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 37074, TN
How long does it take to sell a home in 37074, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 46 Days | +100.8% |
Summary: Homes in 37074 had an average of 46 days on market in Nov 2024, up by 100.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37074 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 37074; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.