$5,521 Closing Credit*
$464,900
2,216 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jason Herrell, Broker, Listing Office: Reliant Realty ERA Powered
Is 37075, 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, 37075 has remained a Seller's Market.
Key Takeaway
37075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37075, TN
How much do homes in 37075, TN cost?
Median Sold Price
$495,279
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,859(+1.2%)
Key Takeaway
Homes in 37075 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 37075 was $495,279 in October 2024, up 1.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $155K | -51.6% |
| 2 Bedrooms | $409.9K | $315.5K | -23.0% |
| 3 Bedrooms | $420.2K | $428.6K | +2.0% |
| 4 Bedrooms | $599.5K | $625K | +4.3% |
| 5+ Bedrooms | $707.5K | $765.3K | +8.2% |
Summary: 37075 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes decreased by 23%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 37075, TN
How many homes are available in 37075, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 353 | 417 | +18.1% |
Summary: The 37075 real estate market had 417 homes for sale in October 2024, a 18.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 29 | 39 | +34.5% |
| 3 Bedrooms | 139 | 174 | +25.2% |
| 4 Bedrooms | 141 | 162 | +14.9% |
| 5+ Bedrooms | 43 | 42 | -2.3% |
Summary: The 37075 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 72 | +26.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37075, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 37075 in October 2024, up by 26.3% month-over-month. Of the 72 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.
Days on Market for 37075, TN
How long does it take to sell a home in 37075, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +22.2% |
Summary: Homes in 37075 had an average of 26 days on market in Oct 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37075 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 72 homes were sold in 37075; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% 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.