$9,488 Closing Credit*
$799,000
3,144 SqFt
3 Beds
•2 Full Baths, 1 Partial
Connie Gaither, Listing Office: Reliant Realty ERA Powered
Is 37148, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37148 was a Seller's 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
$335,333
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,350(+6.5%)
Key Takeaway
Homes in 37148 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 37148 was $335,333 in October 2024, up 6.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $130K | -12.2% |
| 2 Bedrooms | $230K | $225.9K | -1.8% |
| 3 Bedrooms | $310K | $330K | +6.5% |
| 4 Bedrooms | $420K | $464.9K | +10.7% |
| 5+ Bedrooms | $443.9K | $506K | +14.0% |
Summary: 37148 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 10.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 171 | +23.0% |
Summary: The 37148 real estate market had 171 homes for sale in October 2024, a 23.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 99 | 128 | +29.3% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 37148 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 decreased by 20%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 25 | +56.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37148, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 37148 in October 2024, up by 56.3% month-over-month. Of the 25 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +62.0% |
Summary: Homes in 37148 had an average of 34 days on market in Oct 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 25 homes were sold in 37148; 64% of homes were sold within 30 days, 24% 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.