$3,432 Closing Credit*
$289,000
1,007 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Realty
Is 37403, 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, 37403 was a Seller's Market.
Key Takeaway
37403 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 37403, TN
How much do homes in 37403, TN cost?
Median Sold Price
$427,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$42,500(-9.0%)
Key Takeaway
Homes in 37403 have sold for 9% less than they did a year ago.
Summary: The median home sold price in 37403 was $427,500 in November 2024, down 9% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $272.3K | -9.2% |
| 2 Bedrooms | $474.5K | $475K | 0.1% |
| 3 Bedrooms | $403.5K | $399.9K | -0.9% |
| 4 Bedrooms | $732.9K | $835K | +13.9% |
| 5+ Bedrooms | $700K | $550K | -21.4% |
Summary: 37403 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 21.4%.
Housing Supply in 37403, TN
How many homes are available in 37403, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The 37403 real estate market had 27 homes for sale in November 2024, a 3.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37403 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 40%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37403, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37403 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 37403, TN
How long does it take to sell a home in 37403, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 148 Days | +1205.9% |
Summary: Homes in 37403 had an average of 148 days on market in Nov 2024, up by 1205.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 37403 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in 37403; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.