$1,912 Closing Credit*
$161,000
912 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Real Estate Center
Is 37407, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 37407 has remained a Seller's Market.
Key Takeaway
37407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37407, TN
How much do homes in 37407, TN cost?
Median Sold Price
$150,000
$127/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 37407 has remained the same since last year.
Summary: The median home sold price in 37407 was $150,000 in November 2024, the same as last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $52K | -82.7% |
| 2 Bedrooms | $92K | $105K | +14.1% |
| 3 Bedrooms | $197K | $193.4K | -1.8% |
| 4 Bedrooms | $142.4K | $230K | +61.5% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: 37407 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.7%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes did not change.
Housing Supply in 37407, TN
How many homes are available in 37407, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 34 | -24.4% |
Summary: The 37407 real estate market had 34 homes for sale in November 2024, a 24.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 6 | 2 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37407 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 decreased by 33.3%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37407, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 37407 in November 2024, down by 40.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for 37407, TN
How long does it take to sell a home in 37407, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 12 Days | -33.8% |
Summary: Homes in 37407 had an average of 12 days on market in Nov 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37407 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 37407; 44% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.