$225,000
0.13 Acres
Land
Robert B Beck Jr., Listing Office: Beck & Beck, Inc.
Is 37207, 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, 37207 was a Seller's Market.
Key Takeaway
37207 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 37207, TN
How much do homes in 37207, TN cost?
Median Sold Price
$410,785
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,991(+8.2%)
Key Takeaway
Homes in 37207 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 37207 was $410,785 in October 2024, up 8.2% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $311.6K | $310K | -0.5% |
| 2 Bedrooms | $378K | $372.4K | -1.5% |
| 3 Bedrooms | $382K | $381.5K | -0.1% |
| 4 Bedrooms | $490K | $499.3K | +1.9% |
| 5+ Bedrooms | $502.3K | $569.4K | +13.4% |
Summary: 37207 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in 37207, TN
How many homes are available in 37207, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 337 | 377 | +11.9% |
Summary: The 37207 real estate market had 377 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 38 | 40 | +5.3% |
| 3 Bedrooms | 157 | 170 | +8.3% |
| 4 Bedrooms | 121 | 143 | +18.2% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The 37207 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 61 | -1.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37207, expect to pay close to the asking price. 44.3% of homes here sold near the asking price last month.
Summary: A total of 61 homes were sold or pending in 37207 in October 2024, down by 1.6% month-over-month. Of the 61 sold homes, 33% were sold under asking, 44% were sold at asking, and 23% were sold over asking.
Days on Market for 37207, TN
How long does it take to sell a home in 37207, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 24 Days | -8.1% |
Summary: Homes in 37207 had an average of 24 days on market in Oct 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37207 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 61 homes were sold in 37207; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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. 
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