$4,630 Closing Credit*
$389,900
1,990 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lacorya Reynolds, Listing Office: LGI Homes - Tennessee, LLC
Is 37187, 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, 37187 was a Seller's Market.
Key Takeaway
37187 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37187, TN
How much do homes in 37187, TN cost?
Median Sold Price
$357,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-0.8%)
Key Takeaway
Homes in 37187 have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in 37187 was $357,000 in November 2024, down 0.8% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $285K | N/A |
| 2 Bedrooms | $245K | $243.8K | -0.5% |
| 3 Bedrooms | $357.9K | $359.5K | 0.4% |
| 4 Bedrooms | $520K | $374.9K | -27.9% |
| 5+ Bedrooms | - | $726.5K | N/A |
Summary: 37187 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes did not change.
Housing Supply in 37187, TN
How many homes are available in 37187, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 46 | +21.1% |
Summary: The 37187 real estate market had 46 homes for sale in November 2024, a 21.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37187 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 17.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37187, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37187 in November 2024, down by 53.8% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 37187, TN
How long does it take to sell a home in 37187, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 24 Days | -27.7% |
Summary: Homes in 37187 had an average of 24 days on market in Nov 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37187 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 37187; 83% of homes were sold within 30 days, 0% 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.