Is 37062, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 37062 was a Seller's Market.
Key Takeaway
37062 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 37062, TN
How much do homes in 37062, TN cost?
Median Sold Price
$459,243
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37062 have sold for 8% less than they did a year ago.
Summary: The median home sold price in 37062 was $459,243 in March 2024, down 8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $301.5K | $302K | 0.2% |
| 3 Bedrooms | $435.7K | $415K | -4.8% |
| 4 Bedrooms | $608.3K | $585.4K | -3.8% |
| 5+ Bedrooms | $724.9K | $775K | +6.9% |
Summary: 37062 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 37062, TN
How many homes are available in 37062, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 102 | +6.3% |
Summary: The 37062 real estate market had 102 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 58 | 56 | -3.4% |
| 4 Bedrooms | 20 | 27 | +35.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 37062 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 remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37062, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 37062 in March 2024, the same as the previous month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for 37062, TN
How long does it take to sell a home in 37062, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 34 Days | -42.1% |
Summary: Homes in 37062 had an average of 34 days on market in Mar 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37062 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 37062; 76% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 18% 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.