$2,969 Closing Credit*
$250,000
1,400 SqFt
3 Beds
•2 Full Baths
Anthony Ryan Forster (Tony), Listing Office: Epique Realty
Is 37148, 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, 37148 has remained a Neutral Market.
Key Takeaway
37148 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37148, TN
How much do homes in 37148, TN cost?
Median Sold Price
$339,925
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,937(+7.9%)
Key Takeaway
Homes in 37148 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 37148 was $339,925 in November 2024, up 7.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $92.5K | -37.5% |
| 2 Bedrooms | $230K | $225.9K | -1.8% |
| 3 Bedrooms | $310.3K | $334.6K | +7.8% |
| 4 Bedrooms | $427.5K | $464.9K | +8.7% |
| 5+ Bedrooms | $443.9K | $506K | +14.0% |
Summary: 37148 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14%.
Housing Supply in 37148, TN
How many homes are available in 37148, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 | 156 | +2.0% |
Summary: The 37148 real estate market had 156 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 116 | 122 | +5.2% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 37148 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 decreased by 50%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37148, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 37148 in November 2024, down by 4.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for 37148, TN
How long does it take to sell a home in 37148, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 44 Days | +49.5% |
Summary: Homes in 37148 had an average of 44 days on market in Nov 2024, up by 49.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37148 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 37148; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.