$3,785 Closing Credit*
$318,750
1,740 SqFt
3 Beds
•2 Full Baths
Kathy Haley-Hill, Listing Office: United Real Estate Middle Tennessee
Is 37160, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37160 was a Seller's Market.
Key Takeaway
37160 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 37160, TN
How much do homes in 37160, TN cost?
Median Sold Price
$315,950
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,790(+4.9%)
Key Takeaway
Homes in 37160 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 37160 was $315,950 in November 2024, up 4.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $349.5K | +331.5% |
| 2 Bedrooms | $222K | $234.6K | +5.7% |
| 3 Bedrooms | $299.9K | $315K | +5.0% |
| 4 Bedrooms | $360K | $338.9K | -5.8% |
| 5+ Bedrooms | $425K | $330K | -22.4% |
Summary: 37160 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 331.5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 22.4%.
Housing Supply in 37160, TN
How many homes are available in 37160, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 207 | 218 | +5.3% |
Summary: The 37160 real estate market had 218 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 133 | 141 | +6.0% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 37160 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 remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 36 | +33.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37160, you may be able to get a good deal. 37.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 37160 in November 2024, up by 33.3% month-over-month. Of the 35 sold homes, 37% were sold under asking, 34% were sold at asking, and 29% were sold over asking.
Days on Market for 37160, TN
How long does it take to sell a home in 37160, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 37 Days | -25.0% |
Summary: Homes in 37160 had an average of 37 days on market in Nov 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37160 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in 37160; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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.