$7,446 Closing Credit*
$627,034
2,594 SqFt
3 Beds
•2 Full Baths, 1 Partial
Charlotte E. Dodson, Listing Office: Southeastern Select Properties, Inc.
Is 37075, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$502,769
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,875(+2.6%)
Key Takeaway
Homes in 37075 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 37075 was $502,769 in November 2024, up 2.6% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $155K | -51.6% |
| 2 Bedrooms | $409.9K | $287.5K | -29.9% |
| 3 Bedrooms | $420.6K | $427.2K | +1.6% |
| 4 Bedrooms | $599.7K | $629.5K | +5.0% |
| 5+ Bedrooms | $701.6K | $768.7K | +9.6% |
Summary: 37075 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes decreased by 29.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in 37075, TN
How many homes are available in 37075, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 394 | 397 | +0.8% |
Summary: The 37075 real estate market had 397 homes for sale in November 2024, a 0.8% 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 | 34 | 38 | +11.8% |
| 3 Bedrooms | 164 | 163 | -0.6% |
| 4 Bedrooms | 162 | 148 | -8.6% |
| 5+ Bedrooms | 34 | 48 | +41.2% |
Summary: The 37075 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 increased by 11.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 81 | +1.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37075, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in 37075 in November 2024, up by 1.3% month-over-month. Of the 80 sold homes, 53% were sold under asking, 34% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 29 Days | +21.3% |
Summary: Homes in 37075 had an average of 29 days on market in Nov 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 81 homes were sold in 37075; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% 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.