$5,451 Closing Credit*
$459,000
1,963 SqFt
3 Beds
•2 Full Baths
#9973547, Matthew Fetsch, Listing Office: Greater Impact Realty Erwin
Is 37650, 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, 37650 has remained a Seller's Market.
Key Takeaway
37650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37650, TN
How much do homes in 37650, TN cost?
Median Sold Price
$223,625
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,125(+1.0%)
Key Takeaway
Homes in 37650 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 37650 was $223,625 in October 2024, up 1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $164.9K | $154.7K | -6.2% |
| 3 Bedrooms | $232.5K | $238.7K | +2.7% |
| 4 Bedrooms | $259K | $302.5K | +16.8% |
| 5+ Bedrooms | $304.5K | $530K | +74.1% |
Summary: 37650 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 decreased by 6.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 74.1%.
Housing Supply in 37650, TN
How many homes are available in 37650, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 37650 real estate market had 49 homes for sale in October 2024, a 4.3% 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 | 8 | +33.3% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 37650 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 33.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37650, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 37650 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 37650, TN
How long does it take to sell a home in 37650, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 55 Days | -10.0% |
Summary: Homes in 37650 had an average of 55 days on market in Oct 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37650 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 37650; 11% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 22% 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.