$6,525 Closing Credit*
$549,500
1,910 SqFt
3 Beds
•2 Full Baths
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 October 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
$315,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+12.5%)
Key Takeaway
Homes in 37416 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 37416 was $315,000 in October 2024, up 12.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $349K | N/A |
| 2 Bedrooms | $180K | $220K | +22.2% |
| 3 Bedrooms | $265K | $310K | +17.0% |
| 4 Bedrooms | $370K | $342.5K | -7.4% |
| 5+ Bedrooms | $405K | $388.2K | -4.1% |
Summary: 37416 housing prices by bedroom type for October 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 17%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 37416, TN
How many homes are available in 37416, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 79 | +3.9% |
Summary: The 37416 real estate market had 79 homes for sale in October 2024, a 3.9% increase 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 55 | 56 | +1.8% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 37416 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 50%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37416, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 37416 in October 2024, down by 28.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 36 Days | +35.9% |
Summary: Homes in 37416 had an average of 36 days on market in Oct 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37416 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 37416; 27% of homes were sold within 30 days, 13% 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.
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