$10,000 Closing Credit*
$1,874,000
3,756 SqFt
4 Beds
•4 Full Baths, 2 Partial
Shannon Luke, 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 November 2023
At the same time last year, 37221 was a Seller's Market.
Key Takeaway
37221 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37221, TN
How much do homes in 37221, TN cost?
Median Sold Price
$484,678
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,418(+6.7%)
Key Takeaway
Homes in 37221 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 37221 was $484,678 in November 2024, up 6.7% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.9K | $215K | -5.7% |
| 2 Bedrooms | $367.4K | $369.9K | +0.7% |
| 3 Bedrooms | $461K | $479.9K | +4.1% |
| 4 Bedrooms | $650.5K | $675K | +3.8% |
| 5+ Bedrooms | $770K | $847.5K | +10.1% |
Summary: 37221 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in 37221, TN
How many homes are available in 37221, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 251 | 267 | +6.4% |
Summary: The 37221 real estate market had 267 homes for sale in November 2024, a 6.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 58 | 55 | -5.2% |
| 3 Bedrooms | 105 | 108 | +2.9% |
| 4 Bedrooms | 67 | 75 | +11.9% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 37221 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 34 | -26.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37221, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 37221 in November 2024, down by 26.1% month-over-month. Of the 34 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +37.8% |
Summary: Homes in 37221 had an average of 22 days on market in Nov 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 34 homes were sold in 37221; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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