$2,196 Closing Credit*
$184,900
1,100 SqFt
2 Beds
•1 Full Bath, 1 Partial
Rachel Ferrell, Listing Office: Southern Middle Realty
Is 37388, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37388 was a Neutral Market.
Key Takeaway
37388 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37388, TN
How much do homes in 37388, TN cost?
Median Sold Price
$296,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,033(+7.6%)
Key Takeaway
Homes in 37388 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 37388 was $296,000 in October 2024, up 7.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | $127.5K | -56.9% |
| 2 Bedrooms | $175K | $178K | +1.7% |
| 3 Bedrooms | $270K | $287.4K | +6.5% |
| 4 Bedrooms | $364.9K | $412.5K | +13.0% |
| 5+ Bedrooms | $499.9K | $530K | +6.0% |
Summary: 37388 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 13%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 189 | 198 | +4.8% |
Summary: The 37388 real estate market had 198 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 109 | 117 | +7.3% |
| 4 Bedrooms | 50 | 50 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 37388 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 24 | -29.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 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. 47.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 37388 in October 2024, down by 29.4% month-over-month. Of the 23 sold homes, 48% were sold under asking, 35% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +96.2% |
Summary: Homes in 37388 had an average of 34 days on market in Oct 2024, up by 96.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 24 homes were sold in 37388; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.