$4,096 Closing Credit*
$344,900
1,398 SqFt
3 Beds
•3 Full Baths
Paul Keith Haney, Listing Office: Benchmark Realty, LLC
Is 37221, 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, 37221 has remained a Seller's Market.
Key Takeaway
37221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37221, TN
How much do homes in 37221, TN cost?
Median Sold Price
$484,495
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,647(+6.5%)
Key Takeaway
Homes in 37221 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 37221 was $484,495 in October 2024, up 6.5% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.9K | $215K | -6.9% |
| 2 Bedrooms | $364.9K | $370.4K | +1.5% |
| 3 Bedrooms | $459.9K | $481.5K | +4.7% |
| 4 Bedrooms | $662.4K | $672.5K | +1.5% |
| 5+ Bedrooms | $772.5K | $850K | +10.0% |
Summary: 37221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 10%.
Housing Supply in 37221, TN
How many homes are available in 37221, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 245 | 254 | +3.7% |
Summary: The 37221 real estate market had 254 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 58 | 58 | 0.0% |
| 3 Bedrooms | 100 | 106 | +6.0% |
| 4 Bedrooms | 71 | 70 | -1.4% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 37221 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 remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 45 | -11.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37221, you may be able to get a good deal. 64.4% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 37221 in October 2024, down by 11.8% month-over-month. Of the 45 sold homes, 64% were sold under asking, 24% were sold at asking, and 11% were sold over asking.
Days on Market for 37221, TN
How long does it take to sell a home in 37221, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +73.0% |
Summary: Homes in 37221 had an average of 31 days on market in Oct 2024, up by 73% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37221 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in 37221; 53% of homes were sold within 30 days, 40% 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.