$6,994 Closing Credit*
$589,000
1,990 SqFt
3 Beds
•3 Full Baths, 1 Partial
Aaron Glicken, Listing Office: Redfin
Is 37209, 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, 37209 was a Seller's Market.
Key Takeaway
37209 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 37209, TN
How much do homes in 37209, TN cost?
Median Sold Price
$615,025
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,975(-2.1%)
Key Takeaway
Homes in 37209 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 37209 was $615,025 in October 2024, down 2.1% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324K | $339.9K | +4.9% |
| 2 Bedrooms | $435K | $442K | +1.6% |
| 3 Bedrooms | $635K | $599.2K | -5.6% |
| 4 Bedrooms | $800K | $775K | -3.1% |
| 5+ Bedrooms | $1.1M | $920K | -22.8% |
Summary: 37209 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 22.8%.
Housing Supply in 37209, TN
How many homes are available in 37209, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 390 | 419 | +7.4% |
Summary: The 37209 real estate market had 419 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 29 | +31.8% |
| 2 Bedrooms | 60 | 55 | -8.3% |
| 3 Bedrooms | 149 | 153 | +2.7% |
| 4 Bedrooms | 129 | 150 | +16.3% |
| 5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The 37209 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.8%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37209, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in 37209 in October 2024, up by 1.7% month-over-month. Of the 60 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for 37209, TN
How long does it take to sell a home in 37209, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 24 Days | -28.3% |
Summary: Homes in 37209 had an average of 24 days on market in Oct 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37209 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 61 homes were sold in 37209; 66% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 2% 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.