$6,234 Closing Credit*
$525,000
4,125 SqFt
4 Beds
•4 Full Baths
#9973679, Brooke Shelton, Listing Office: Century 21 Legacy
Is 37618, 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, 37618 has remained a Seller's Market.
Key Takeaway
37618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37618, TN
How much do homes in 37618, TN cost?
Median Sold Price
$306,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,550(+17.9%)
Key Takeaway
Homes in 37618 have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in 37618 was $306,500 in October 2024, up 17.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.4K | $125K | +6.4% |
| 2 Bedrooms | $185.2K | $175K | -5.5% |
| 3 Bedrooms | $265K | $313K | +18.1% |
| 4 Bedrooms | $396.5K | $389.7K | -1.7% |
| 5+ Bedrooms | $442.5K | $389.7K | -11.9% |
Summary: 37618 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in 37618, TN
How many homes are available in 37618, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 58 | +16.0% |
Summary: The 37618 real estate market had 58 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 37618 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 increased by 16.7%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37618, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 37618 in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 37618, TN
How long does it take to sell a home in 37618, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 94 Days | +75.8% |
Summary: Homes in 37618 had an average of 94 days on market in Oct 2024, up by 75.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37618 has remained consistent over time.
Summary: During October 2024, 12 homes were sold in 37618; 8% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 42% 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.