Is 37031, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 37031 has remained a Seller's Market.
Key Takeaway
37031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37031, TN
How much do homes in 37031, TN cost?
Median Sold Price
$415,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37031 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 37031 was $415,000 in April 2024, down 2.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400.5K | $385K | -3.9% |
| 3 Bedrooms | $410K | $412.6K | +0.6% |
| 4 Bedrooms | $559.7K | $667.5K | +19.2% |
| 5+ Bedrooms | $932.5K | $689.5K | -26.1% |
Summary: 37031 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 26.1%.
Housing Supply in 37031, TN
How many homes are available in 37031, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The 37031 real estate market had 18 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37031 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37031, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37031 in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 37031, TN
How long does it take to sell a home in 37031, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 6 Days | -65.7% |
Summary: Homes in 37031 had an average of 6 days on market in Apr 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37031 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 37031; 100% of homes were sold within 30 days, 0% 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.
© 2024 of the REALTRACS MLS. All rights Reserved.