$99,900
0.43 Acres
Land
Susan Baker, Broker, Listing Office: BHGRE Baker & Cole
Is 37388, 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, 37388 was a Seller's Market.
Key Takeaway
37388 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37388, TN
How much do homes in 37388, TN cost?
Median Sold Price
$296,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,508(+7.8%)
Key Takeaway
Homes in 37388 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 37388 was $296,500 in November 2024, up 7.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | $165K | -44.2% |
| 2 Bedrooms | $185K | $178K | -3.8% |
| 3 Bedrooms | $270K | $290K | +7.4% |
| 4 Bedrooms | $370K | $400K | +8.1% |
| 5+ Bedrooms | $499.9K | $529.9K | +6.0% |
Summary: 37388 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in 37388, TN
How many homes are available in 37388, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 204 | 213 | +4.4% |
Summary: The 37388 real estate market had 213 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 122 | 124 | +1.6% |
| 4 Bedrooms | 49 | 50 | +2.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 37388 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37388, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 37388 in November 2024, up by 24.0% month-over-month. Of the 31 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.
Days on Market for 37388, TN
How long does it take to sell a home in 37388, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 51 Days | +80.7% |
Summary: Homes in 37388 had an average of 51 days on market in Nov 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37388 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 37388; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% 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.