$3,076 Closing Credit*
$259,000
1,767 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jessica Stanfield, Listing Office: Tennessee Property Group
Is 37185, 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, 37185 was a Seller's Market.
Key Takeaway
37185 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37185, TN
How much do homes in 37185, TN cost?
Median Sold Price
$242,100
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,100(+11.1%)
Key Takeaway
Homes in 37185 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 37185 was $242,100 in October 2024, up 11.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.2K | $159K | +5.8% |
| 2 Bedrooms | $165K | $209.9K | +27.2% |
| 3 Bedrooms | $218K | $239.2K | +9.7% |
| 4 Bedrooms | $250K | $319.9K | +28.0% |
| 5+ Bedrooms | $490K | $492.5K | 0.5% |
Summary: 37185 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Zip Codes
| 37185 | $218K | $242.1K | +11.1% |
| 37101 | $267.5K | $268.7K | 0.5% |
Housing Supply in 37185, TN
How many homes are available in 37185, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 62 | +31.9% |
Summary: The 37185 real estate market had 62 homes for sale in October 2024, a 31.9% 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 | 13 | 17 | +30.8% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37185 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 30.8%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37185, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 37185 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for 37185, TN
How long does it take to sell a home in 37185, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 51 Days | -28.1% |
Summary: Homes in 37185 had an average of 51 days on market in Oct 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37185 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 37185; 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.