$5,688 Closing Credit*
$479,000
1,520 SqFt
3 Beds
•2 Full Baths
Listing Office: The Group Real Estate Brokerage
Is 37409, 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, 37409 was a Seller's Market.
Key Takeaway
37409 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 37409, TN
How much do homes in 37409, TN cost?
Median Sold Price
$375,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,750(+10.2%)
Key Takeaway
Homes in 37409 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 37409 was $375,000 in October 2024, up 10.2% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $341.5K | $375K | +9.8% |
| 2 Bedrooms | $314K | $349.5K | +11.3% |
| 3 Bedrooms | $447.2K | $417.5K | -6.6% |
| 4 Bedrooms | $407.5K | $532.5K | +30.7% |
| 5+ Bedrooms | $330K | $310K | -6.1% |
Summary: 37409 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 37409, TN
How many homes are available in 37409, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The 37409 real estate market had 30 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 37409 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 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 37409, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 37409 in October 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 37409, TN
How long does it take to sell a home in 37409, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 25 Days | +537.5% |
Summary: Homes in 37409 had an average of 25 days on market in Oct 2024, up by 537.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37409 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 37409; 20% of homes were sold within 30 days, 20% 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.