$2,672 Closing Credit*
$225,000
917 SqFt
1 Bed
•1 Full Bath
Alexander Brandau IV, Listing Office: Keller Williams Realty
Is 37214, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 37214 has remained a Seller's Market.
Key Takeaway
37214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37214, TN
How much do homes in 37214, TN cost?
Median Sold Price
$397,775
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,650(+8.9%)
Key Takeaway
Homes in 37214 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 37214 was $397,775 in October 2024, up 8.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $225K | +1.1% |
| 2 Bedrooms | $275K | $292.5K | +6.4% |
| 3 Bedrooms | $383K | $410K | +7.0% |
| 4 Bedrooms | $495K | $510K | +3.0% |
| 5+ Bedrooms | $615K | $647.5K | +5.3% |
Summary: 37214 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 37214, TN
How many homes are available in 37214, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 182 | +9.6% |
Summary: The 37214 real estate market had 182 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 27 | 32 | +18.5% |
| 3 Bedrooms | 109 | 112 | +2.8% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 37214 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37214, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 37214 in October 2024, up by 17.9% month-over-month. Of the 33 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for 37214, TN
How long does it take to sell a home in 37214, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +5.7% |
Summary: Homes in 37214 had an average of 21 days on market in Oct 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37214 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 37214; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% 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.