$3,799 Closing Credit*
$319,900
1,319 SqFt
3 Beds
•2 Full Baths
Beth Hunley, Listing Office: Reliant Realty ERA Powered
Is 37187, 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, 37187 has remained a Seller's Market.
Key Takeaway
37187 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37187, TN
How much do homes in 37187, TN cost?
Median Sold Price
$358,900
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,100(-0.3%)
Key Takeaway
The sold price of homes in 37187 has remained the same since last year.
Summary: The median home sold price in 37187 was $358,900 in October 2024, down 0.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $285K | N/A |
| 2 Bedrooms | $240.5K | $245K | +1.9% |
| 3 Bedrooms | $359.9K | $358.9K | -0.3% |
| 4 Bedrooms | $520K | $374.9K | -27.9% |
| 5+ Bedrooms | - | $726.5K | N/A |
Summary: 37187 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 0.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 48 | +33.3% |
Summary: The 37187 real estate market had 48 homes for sale in October 2024, a 33.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 25 | 36 | +44.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37187 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 remained the same, 3 bedroom homes increased by 44%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37187, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 37187 in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 67% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +33.6% |
Summary: Homes in 37187 had an average of 27 days on market in Oct 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37187 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 37187; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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.