$5,936 Closing Credit*
$499,900
2,382 SqFt
5 Beds
•2 Full Baths, 1 Partial
Autumn Faughn, Listing Office: Compass RE
Is 37128, 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, 37128 has remained a Seller's Market.
Key Takeaway
37128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37128, TN
How much do homes in 37128, TN cost?
Median Sold Price
$418,686
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,758(+3.1%)
Key Takeaway
Homes in 37128 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 37128 was $418,686 in October 2024, up 3.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.9K | $305K | +1.7% |
| 3 Bedrooms | $380.1K | $391K | +2.9% |
| 4 Bedrooms | $491.3K | $495.7K | +0.9% |
| 5+ Bedrooms | $571K | $595K | +4.2% |
Summary: 37128 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 1.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 37128, TN
How many homes are available in 37128, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 414 | 431 | +4.1% |
Summary: The 37128 real estate market had 431 homes for sale in October 2024, a 4.1% increase 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 | 53 | 55 | +3.8% |
| 3 Bedrooms | 192 | 186 | -3.1% |
| 4 Bedrooms | 141 | 150 | +6.4% |
| 5+ Bedrooms | 28 | 39 | +39.3% |
Summary: The 37128 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 3.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 39.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 116 | +39.8% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37128, expect to pay close to the asking price. 42.5% of homes here sold near the asking price last month.
Summary: A total of 116 homes were sold or pending in 37128 in October 2024, up by 39.8% month-over-month. Of the 113 sold homes, 39% were sold under asking, 42% were sold at asking, and 19% were sold over asking.
Days on Market for 37128, TN
How long does it take to sell a home in 37128, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 28 Days | -3.7% |
Summary: Homes in 37128 had an average of 28 days on market in Oct 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37128 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 116 homes were sold in 37128; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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.