$3,266 Closing Credit*
$275,000
1,092 SqFt
3 Beds
•2 Full Baths
Listing Office: ReMax First
Is 37801, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 37801 was a Seller's Market.
Key Takeaway
37801 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 37801, TN
How much do homes in 37801, TN cost?
Median Sold Price
$399,900
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,633(+2.7%)
Key Takeaway
Homes in 37801 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 37801 was $399,900 in November 2024, up 2.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $188.6K | +136.0% |
| 2 Bedrooms | $259.9K | $265K | +2.0% |
| 3 Bedrooms | $375K | $396.6K | +5.8% |
| 4 Bedrooms | $519.9K | $482.4K | -7.2% |
| 5+ Bedrooms | $649K | $550K | -15.3% |
Summary: 37801 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 15.3%.
Housing Supply in 37801, TN
How many homes are available in 37801, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 154 | 147 | -4.5% |
Summary: The 37801 real estate market had 147 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 117 | 108 | -7.7% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 37801 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 24 | -41.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37801, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 37801 in November 2024, down by 41.5% month-over-month. Of the 24 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for 37801, TN
How long does it take to sell a home in 37801, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 49 Days | +46.9% |
Summary: Homes in 37801 had an average of 49 days on market in Nov 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 37801 has remained consistent over time.
Summary: During November 2024, 24 homes were sold in 37801; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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