$5,284 Closing Credit*
$445,000
2,407 SqFt
3 Beds
•3 Full Baths
Dan Alcorn, Listing Office: Onward Real Estate
Is 37129, 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, 37129 has remained a Seller's Market.
Key Takeaway
37129 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37129, TN
How much do homes in 37129, TN cost?
Median Sold Price
$467,234
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,052(+5.7%)
Key Takeaway
Homes in 37129 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 37129 was $467,234 in October 2024, up 5.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $325K | N/A |
| 2 Bedrooms | $275K | $291.1K | +5.9% |
| 3 Bedrooms | $383.6K | $411.5K | +7.3% |
| 4 Bedrooms | $550K | $579.5K | +5.4% |
| 5+ Bedrooms | $654.5K | $598.3K | -8.6% |
Summary: 37129 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 5.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 37129, TN
How many homes are available in 37129, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 298 | 314 | +5.4% |
Summary: The 37129 real estate market had 314 homes for sale in October 2024, a 5.4% 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 | 18 | 19 | +5.6% |
| 3 Bedrooms | 141 | 152 | +7.8% |
| 4 Bedrooms | 106 | 110 | +3.8% |
| 5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The 37129 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 increased by 5.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 62 | -12.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37129, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.
Summary: A total of 62 homes were sold or pending in 37129 in October 2024, down by 12.7% month-over-month. Of the 56 sold homes, 38% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for 37129, TN
How long does it take to sell a home in 37129, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +9.7% |
Summary: Homes in 37129 had an average of 23 days on market in Oct 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37129 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in 37129; 74% of homes were sold within 30 days, 21% 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.