$249,000
6.44 Acres
Land
Rachael A Putney, Listing Office: Reliant Realty ERA Powered
Is 37098, 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, 37098 was a Seller's Market.
Key Takeaway
37098 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37098, TN
How much do homes in 37098, TN cost?
Median Sold Price
$334,500
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,500(+2.0%)
Key Takeaway
Homes in 37098 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 37098 was $334,500 in October 2024, up 2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $257.5K | +42.3% |
| 2 Bedrooms | $301.5K | $265.9K | -11.8% |
| 3 Bedrooms | $328.9K | $339K | +3.1% |
| 4 Bedrooms | $392K | $435K | +11.0% |
| 5+ Bedrooms | $275K | $375K | +36.4% |
Summary: 37098 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 36.4%.
Housing Supply in 37098, TN
How many homes are available in 37098, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The 37098 real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37098 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37098, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 37098 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 37098, TN
How long does it take to sell a home in 37098, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 55 Days | -12.1% |
Summary: Homes in 37098 had an average of 55 days on market in Oct 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37098 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 37098; 0% of homes were sold within 30 days, 100% 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.