$5,105 Closing Credit*
$429,900
1,753 SqFt
4 Beds
•2 Full Baths, 1 Partial
Lacorya Reynolds, Listing Office: LGI Homes - Tennessee, LLC
Is 37127, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$440,533
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,275(+3.8%)
Key Takeaway
Homes in 37127 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 37127 was $440,533 in November 2024, up 3.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $289.9K | $307.9K | +6.2% |
| 3 Bedrooms | $398.9K | $394.9K | -1.0% |
| 4 Bedrooms | $458.4K | $488.8K | +6.6% |
| 5+ Bedrooms | $450K | $493.5K | +9.7% |
Summary: 37127 housing prices by bedroom type for November 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 decreased by 1%, 4 bedroom homes increased by 6.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 111 | -7.5% |
Summary: The 37127 real estate market had 111 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 60 | 53 | -11.7% |
| 4 Bedrooms | 45 | 43 | -4.4% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 37127 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 36 | +44.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37127, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in 37127 in November 2024, up by 44.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -4.8% |
Summary: Homes in 37127 had an average of 32 days on market in Nov 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 36 homes were sold in 37127; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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.