$3,206 Closing Credit*
$270,000
510 SqFt
1 Bed
•1 Full Bath
Brady O'Rourke, Listing Office: Parks Compass
Is 37217, 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, 37217 has remained a Seller's Market.
Key Takeaway
37217 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37217, TN
How much do homes in 37217, TN cost?
Median Sold Price
$322,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,600(+9.0%)
Key Takeaway
Homes in 37217 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 37217 was $322,500 in October 2024, up 9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | $259.9K | +13.1% |
| 2 Bedrooms | $259.2K | $250K | -3.6% |
| 3 Bedrooms | $326.9K | $339.9K | +4.0% |
| 4 Bedrooms | $407K | $383K | -5.9% |
| 5+ Bedrooms | $428.9K | $440K | +2.6% |
Summary: 37217 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 113 | -0.9% |
Summary: The 37217 real estate market had 113 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 53 | 45 | -15.1% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 37217 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 19 | -34.5% |
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 37217, 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 37217 in October 2024, down by 34.5% 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 37217, TN
How long does it take to sell a home in 37217, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 32 Days | +78.0% |
Summary: Homes in 37217 had an average of 32 days on market in Oct 2024, up by 78% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 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 October 2024, 19 homes were sold in 37217; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% 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.