$7,422 Closing Credit*
$625,000
1,014 SqFt
1 Bed
•1 Full Bath
Michelle Maldonado, Listing Office: Compass RE
Is 37212, 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, 37212 was a Seller's Market.
Key Takeaway
37212 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37212, TN
How much do homes in 37212, TN cost?
Median Sold Price
$825,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+5.1%)
Key Takeaway
Homes in 37212 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 37212 was $825,000 in October 2024, up 5.1% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $371.4K | +1.8% |
| 2 Bedrooms | $600K | $570K | -5.0% |
| 3 Bedrooms | $805K | $895K | +11.2% |
| 4 Bedrooms | $1.0M | $1.3M | +26.8% |
| 5+ Bedrooms | $2.2M | $1.8M | -15.6% |
Summary: 37212 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 37212, TN
How many homes are available in 37212, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 149 | 141 | -5.4% |
Summary: The 37212 real estate market had 141 homes for sale in October 2024, a 5.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 32 | -3.0% |
| 2 Bedrooms | 38 | 35 | -7.9% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The 37212 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37212, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 37212 in October 2024, up by 18.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 37% were sold at asking, and 0% were sold over asking.
Days on Market for 37212, TN
How long does it take to sell a home in 37212, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 54 Days | +114.7% |
Summary: Homes in 37212 had an average of 54 days on market in Oct 2024, up by 114.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37212 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 37212; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 16% 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.