$5,261 Closing Credit*
$442,990
2,618 SqFt
4 Beds
•2 Full Baths, 1 Partial
Lauren (Brooke) Sikorski, Listing Office: D.R. Horton
Is 37188, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 37188 has remained a Seller's Market.
Key Takeaway
37188 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37188, TN
How much do homes in 37188, TN cost?
Median Sold Price
$386,897
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,850(-0.7%)
Key Takeaway
Homes in 37188 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 37188 was $386,897 in November 2024, down 0.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $314.4K | $275K | -12.5% |
| 3 Bedrooms | $359.2K | $359.9K | 0.2% |
| 4 Bedrooms | $424.9K | $407K | -4.2% |
| 5+ Bedrooms | $441.8K | $432.9K | -2.0% |
Summary: 37188 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 12.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 37188, TN
How many homes are available in 37188, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 175 | +8.7% |
Summary: The 37188 real estate market had 175 homes for sale in November 2024, a 8.7% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 97 | 109 | +12.4% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 37188 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 12.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37188, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in 37188 in November 2024, up by 8.1% month-over-month. Of the 40 sold homes, 40% were sold under asking, 45% were sold at asking, and 15% were sold over asking.
Days on Market for 37188, TN
How long does it take to sell a home in 37188, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 29 Days | +99.9% |
Summary: Homes in 37188 had an average of 29 days on market in Nov 2024, up by 99.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37188 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in 37188; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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.