$6,407 Closing Credit*
$539,500
2,066 SqFt
Listing Office: Premier Property Group Inc.
Is 37416, 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, 37416 has remained a Seller's Market.
Key Takeaway
37416 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37416, TN
How much do homes in 37416, TN cost?
Median Sold Price
$316,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,000(+12.9%)
Key Takeaway
Homes in 37416 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 37416 was $316,000 in November 2024, up 12.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $349K | N/A |
| 2 Bedrooms | $180K | $219.9K | +22.2% |
| 3 Bedrooms | $265K | $315.5K | +19.1% |
| 4 Bedrooms | $390K | $342.7K | -12.1% |
| 5+ Bedrooms | $415K | $397K | -4.3% |
Summary: 37416 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 37416, TN
How many homes are available in 37416, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 87 | +4.8% |
Summary: The 37416 real estate market had 87 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 59 | 63 | +6.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 37416 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 25%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37416, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 37416 in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for 37416, TN
How long does it take to sell a home in 37416, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 31 Days | -38.3% |
Summary: Homes in 37416 had an average of 31 days on market in Nov 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37416 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 37416; 26% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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