$3,146 Closing Credit*
$264,900
1,950 SqFt
3 Beds
•2 Full Baths
Andrew Dicker, Listing Office: Blackwell Realty
Is 37074, 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, 37074 has remained a Seller's Market.
Key Takeaway
37074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37074, TN
How much do homes in 37074, TN cost?
Median Sold Price
$325,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-4.4%)
Key Takeaway
Homes in 37074 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 37074 was $325,000 in October 2024, down 4.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $125K | -47.9% |
| 2 Bedrooms | $229.9K | $260K | +13.1% |
| 3 Bedrooms | $350K | $325.9K | -6.9% |
| 4 Bedrooms | $350K | $366K | +4.6% |
| 5+ Bedrooms | $882.5K | $216K | -75.5% |
Summary: 37074 housing prices by bedroom type for October 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 4.6%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The 37074 real estate market had 45 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37074 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 9.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 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 37074, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 37074 in October 2024, up by 125.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 43 Days | +79.9% |
Summary: Homes in 37074 had an average of 43 days on market in Oct 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37074 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 37074; 22% of homes were sold within 30 days, 67% 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.