$6,163 Closing Credit*
$519,000
2,107 SqFt
3 Beds
•3 Full Baths
John Farr, Listing Office: Reliant Realty ERA Powered
Is 37167, 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, 37167 has remained a Seller's Market.
Key Takeaway
37167 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37167, TN
How much do homes in 37167, TN cost?
Median Sold Price
$439,424
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,776(+10.8%)
Key Takeaway
Homes in 37167 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 37167 was $439,424 in October 2024, up 10.8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $358K | $220K | -38.5% |
| 2 Bedrooms | $299.9K | $315K | +5.0% |
| 3 Bedrooms | $368.5K | $384.7K | +4.4% |
| 4 Bedrooms | $499K | $507.3K | +1.7% |
| 5+ Bedrooms | $562.4K | $570.2K | +1.4% |
Summary: 37167 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 37167, TN
How many homes are available in 37167, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 340 | 361 | +6.2% |
Summary: The 37167 real estate market had 361 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 36 | 34 | -5.6% |
| 3 Bedrooms | 165 | 175 | +6.1% |
| 4 Bedrooms | 102 | 108 | +5.9% |
| 5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The 37167 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 80 | +21.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37167, expect to pay close to the asking price. 41% of homes here sold near the asking price last month.
Summary: A total of 80 homes were sold or pending in 37167 in October 2024, up by 21.2% month-over-month. Of the 78 sold homes, 33% were sold under asking, 41% were sold at asking, and 26% were sold over asking.
Days on Market for 37167, TN
How long does it take to sell a home in 37167, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -8.0% |
Summary: Homes in 37167 had an average of 23 days on market in Oct 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37167 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 80 homes were sold in 37167; 70% of homes were sold within 30 days, 25% 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.