$2,612 Closing Credit*
$219,990
1,020 SqFt
2 Beds
•1 Full Bath, 1 Partial
Reene Elhanshali, Listing Office: Realty One Group Music City
Is 37211, 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, 37211 has remained a Seller's Market.
Key Takeaway
37211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37211, TN
How much do homes in 37211, TN cost?
Median Sold Price
$424,971
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,546(+2.1%)
Key Takeaway
Homes in 37211 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 37211 was $424,971 in November 2024, up 2.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $227K | -1.3% |
| 2 Bedrooms | $285K | $280K | -1.8% |
| 3 Bedrooms | $429.2K | $442K | +3.0% |
| 4 Bedrooms | $522.5K | $583K | +11.6% |
| 5+ Bedrooms | $630K | $579.5K | -8.0% |
Summary: 37211 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 37211, TN
How many homes are available in 37211, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 363 | 335 | -7.7% |
Summary: The 37211 real estate market had 335 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 75 | 70 | -6.7% |
| 3 Bedrooms | 189 | 167 | -11.6% |
| 4 Bedrooms | 76 | 78 | +2.6% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The 37211 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 58 | -27.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37211, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in 37211 in November 2024, down by 27.5% month-over-month. Of the 57 sold homes, 53% were sold under asking, 40% were sold at asking, and 7% were sold over asking.
Days on Market for 37211, TN
How long does it take to sell a home in 37211, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 32 Days | +81.7% |
Summary: Homes in 37211 had an average of 32 days on market in Nov 2024, up by 81.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37211 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 58 homes were sold in 37211; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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.