$770,000
1.53 Acres
Land
An'Gel Sims, Listing Office: Suburban and Urban Real Estate Services
Is 37217, 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, 37217 was a Seller's Market.
Key Takeaway
37217 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37217, TN
How much do homes in 37217, TN cost?
Median Sold Price
$329,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,666(+8.5%)
Key Takeaway
Homes in 37217 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 37217 was $329,000 in November 2024, up 8.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | $267K | +16.1% |
| 2 Bedrooms | $261K | $250K | -4.2% |
| 3 Bedrooms | $325K | $345K | +6.2% |
| 4 Bedrooms | $400K | $390.5K | -2.4% |
| 5+ Bedrooms | $428.9K | $440K | +2.6% |
Summary: 37217 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 37217, TN
How many homes are available in 37217, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 120 | +9.1% |
Summary: The 37217 real estate market had 120 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 47 | 55 | +17.0% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 37217 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37217, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 37217 in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for 37217, TN
How long does it take to sell a home in 37217, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +6.1% |
Summary: Homes in 37217 had an average of 42 days on market in Nov 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37217 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 37217; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.