Is 37013, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 37013 has remained a Seller's Market.
Key Takeaway
37013 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37013, TN
How much do homes in 37013, TN cost?
Median Sold Price
$380,458
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37013 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 37013 was $380,458 in March 2024, up 1.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.4K | $432K | +73.2% |
| 2 Bedrooms | $275K | $280K | +1.8% |
| 3 Bedrooms | $365.8K | $370K | +1.1% |
| 4 Bedrooms | $441.9K | $439.9K | -0.5% |
| 5+ Bedrooms | $469.4K | $472.9K | +0.7% |
Summary: 37013 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 37013, TN
How many homes are available in 37013, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 350 | 350 | 0.0% |
Summary: The 37013 real estate market had 350 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 74 | 76 | +2.7% |
| 3 Bedrooms | 181 | 190 | +5.0% |
| 4 Bedrooms | 80 | 74 | -7.5% |
| 5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The 37013 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 92 | +9.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37013, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in 37013 in March 2024, up by 9.5% month-over-month. Of the 92 sold homes, 47% were sold under asking, 36% were sold at asking, and 17% were sold over asking.
Days on Market for 37013, TN
How long does it take to sell a home in 37013, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -18.1% |
Summary: Homes in 37013 had an average of 30 days on market in Mar 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37013 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 92 homes were sold in 37013; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% 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.