$4,511 Closing Credit*
$379,900
804 SqFt
2 Beds
•1 Full Bath
Penny Tenpenny, Listing Office: Benchmark Realty, LLC
Is 37209, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37209 was a Seller's Market.
Key Takeaway
37209 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37209, TN
How much do homes in 37209, TN cost?
Median Sold Price
$618,666
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,966(-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 $618,666 in November 2024, down 2.1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $321.9K | $339.9K | +5.6% |
| 2 Bedrooms | $437.4K | $442K | +1.0% |
| 3 Bedrooms | $635K | $598.3K | -5.8% |
| 4 Bedrooms | $810K | $779.9K | -3.7% |
| 5+ Bedrooms | $1.2M | $925K | -22.9% |
Summary: 37209 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 22.9%.
Housing Supply in 37209, TN
How many homes are available in 37209, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 413 | 419 | +1.5% |
Summary: The 37209 real estate market had 419 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 28 | +3.7% |
| 2 Bedrooms | 57 | 55 | -3.5% |
| 3 Bedrooms | 152 | 151 | -0.7% |
| 4 Bedrooms | 144 | 153 | +6.3% |
| 5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The 37209 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 48 | -32.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37209, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 37209 in November 2024, down by 32.4% month-over-month. Of the 48 sold homes, 63% were sold under asking, 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 22 Days | -50.4% |
Summary: Homes in 37209 had an average of 22 days on market in Nov 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
13 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 November 2024, 48 homes were sold in 37209; 71% of homes were sold within 30 days, 27% 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.