$4,036 Closing Credit*
$339,900
1,400 SqFt
3 Beds
•2 Full Baths
Wayne Rachford, Listing Office: Elite Real Estate Group
Is 37101, 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, 37101 has remained a Seller's Market.
Key Takeaway
37101 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37101, TN
How much do homes in 37101, TN cost?
Median Sold Price
$268,750
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,250(+0.5%)
Key Takeaway
The sold price of homes in 37101 has remained the same since last year.
Summary: The median home sold price in 37101 was $268,750 in October 2024, up 0.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.4K | $242.4K | +22.8% |
| 3 Bedrooms | $265K | $277.5K | +4.7% |
| 4 Bedrooms | $270K | $243.2K | -9.9% |
| 5+ Bedrooms | $925K | $490K | -47.0% |
Summary: 37101 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 increased by 22.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 47%.
Housing Supply in 37101, TN
How many homes are available in 37101, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The 37101 real estate market had 28 homes for sale in October 2024, a 12.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 37101 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37101, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37101 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 37101, TN
How long does it take to sell a home in 37101, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 60 Days | +89.7% |
Summary: Homes in 37101 had an average of 60 days on market in Oct 2024, up by 89.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37101 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 37101; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.