$149,900
0.17 Acres
Land
Dean Nelson, Listing Office: eXp Realty
Is 37115, 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, 37115 has remained a Seller's Market.
Key Takeaway
37115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37115, TN
How much do homes in 37115, TN cost?
Median Sold Price
$346,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,404(+10.0%)
Key Takeaway
Homes in 37115 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 37115 was $346,000 in October 2024, up 10% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $152.5K | +8.9% |
| 2 Bedrooms | $242K | $250K | +3.3% |
| 3 Bedrooms | $339.5K | $370K | +9.0% |
| 4 Bedrooms | $478.5K | $483K | +0.9% |
| 5+ Bedrooms | $540K | $574.9K | +6.5% |
Summary: 37115 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 37115, TN
How many homes are available in 37115, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 181 | 200 | +10.5% |
Summary: The 37115 real estate market had 200 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 42 | 46 | +9.5% |
| 3 Bedrooms | 96 | 104 | +8.3% |
| 4 Bedrooms | 27 | 37 | +37.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 37115 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 37%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37115, expect to pay close to the asking price. 45.9% of homes here sold near the asking price last month.
Summary: A total of 38 homes were sold or pending in 37115 in October 2024, up by 11.8% month-over-month. Of the 37 sold homes, 32% were sold under asking, 46% were sold at asking, and 22% were sold over asking.
Days on Market for 37115, TN
How long does it take to sell a home in 37115, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +16.8% |
Summary: Homes in 37115 had an average of 33 days on market in Oct 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37115 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 37115; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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.