$150,000
2.00 Acres
Land
Valencia Phillips, Listing Office: Coldwell Banker Southern Realty
Is 37085, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37085 was a Neutral Market.
Key Takeaway
37085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37085, TN
How much do homes in 37085, TN cost?
Median Sold Price
$569,900
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,452(+2.8%)
Key Takeaway
Homes in 37085 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 37085 was $569,900 in October 2024, up 2.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.6M | $650.4K | -59.8% |
| 3 Bedrooms | $385K | $477.4K | +24.0% |
| 4 Bedrooms | $589.9K | $590K | 0.0% |
| 5+ Bedrooms | $604.9K | $662.4K | +9.5% |
Summary: 37085 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 decreased by 59.8%, 3 bedroom homes increased by 24%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 37085, TN
How many homes are available in 37085, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The 37085 real estate market had 22 homes for sale in October 2024, a 4.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37085 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37085, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 37085 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 37085, TN
How long does it take to sell a home in 37085, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 31 Days | -16.1% |
Summary: Homes in 37085 had an average of 31 days on market in Oct 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37085 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 37085; 75% of homes were sold within 30 days, 0% 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.