$1,188 Closing Credit*
$100,000
1,108 SqFt
2 Beds
•1 Full Bath
Listing Office: Crye-Leike, REALTORS
Is 37407, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,050(+3.5%)
Key Takeaway
Homes in 37407 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 37407 was $150,000 in October 2024, up 3.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $52K | -82.7% |
| 2 Bedrooms | $92K | $105K | +14.1% |
| 3 Bedrooms | $178K | $189.9K | +6.7% |
| 4 Bedrooms | $149.9K | $248K | +65.4% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: 37407 housing prices by bedroom type for October 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 increased by 6.7%, 4 bedroom homes increased by 65.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 42 | -25.0% |
Summary: The 37407 real estate market had 42 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 32 | 21 | -34.4% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37407 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 34.4%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37407, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 37407 in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 44 Days | +417.6% |
Summary: Homes in 37407 had an average of 44 days on market in Oct 2024, up by 417.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 October 2024, 13 homes were sold in 37407; 31% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% 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.