$4,155 Closing Credit*
$349,900
1,559 SqFt
3 Beds
•2 Full Baths
Dan L. Elam, Listing Office: Elam Real Estate
Is 37127, 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, 37127 has remained a Seller's Market.
Key Takeaway
37127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37127, TN
How much do homes in 37127, TN cost?
Median Sold Price
$435,300
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,856(+2.8%)
Key Takeaway
Homes in 37127 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 37127 was $435,300 in October 2024, up 2.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289.9K | $307.9K | +6.2% |
| 3 Bedrooms | $394.9K | $395.7K | 0.2% |
| 4 Bedrooms | $456.8K | $485.9K | +6.4% |
| 5+ Bedrooms | $450K | $493.5K | +9.7% |
Summary: 37127 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 6.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 37127, TN
How many homes are available in 37127, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 111 | -6.7% |
Summary: The 37127 real estate market had 111 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 65 | 56 | -13.8% |
| 4 Bedrooms | 44 | 42 | -4.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 37127 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 increased by 33.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37127, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 37127 in October 2024, down by 11.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 50% were sold at asking, and 14% were sold over asking.
Days on Market for 37127, TN
How long does it take to sell a home in 37127, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 37 Days | +35.3% |
Summary: Homes in 37127 had an average of 37 days on market in Oct 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37127 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 37127; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 22% 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.