$3,739 Closing Credit*
$314,900
1,050 SqFt
3 Beds
•1 Full Bath
Mitzi Rager, ABR, GRI, SFR, Listing Office: Century 21 Prestige Hendersonville
Is 37188, 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, 37188 was a Seller's Market.
Key Takeaway
37188 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37188, TN
How much do homes in 37188, TN cost?
Median Sold Price
$389,535
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,545(+0.4%)
Key Takeaway
The sold price of homes in 37188 has remained the same since last year.
Summary: The median home sold price in 37188 was $389,535 in October 2024, up 0.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $314.4K | $275K | -12.5% |
| 3 Bedrooms | $359.8K | $359.9K | 0.0% |
| 4 Bedrooms | $424.9K | $407.9K | -4.0% |
| 5+ Bedrooms | $448.2K | $432.9K | -3.4% |
Summary: 37188 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 decreased by 12.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 37188, TN
How many homes are available in 37188, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 207 | +1.5% |
Summary: The 37188 real estate market had 207 homes for sale in October 2024, a 1.5% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 113 | 116 | +2.7% |
| 4 Bedrooms | 70 | 67 | -4.3% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 37188 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 decreased by 14.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 34 | -53.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37188, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in 37188 in October 2024, down by 53.4% month-over-month. Of the 34 sold homes, 32% were sold under asking, 53% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +52.2% |
Summary: Homes in 37188 had an average of 16 days on market in Oct 2024, up by 52.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 34 homes were sold in 37188; 82% of homes were sold within 30 days, 18% 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.