Is 37064, 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, 37064 has remained a Seller's Market.
Key Takeaway
37064 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37064, TN
How much do homes in 37064, TN cost?
Median Sold Price
$867,861
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37064 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 37064 was $867,861 in March 2024, up 1% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $280K | -16.4% |
| 2 Bedrooms | $445K | $450K | +1.1% |
| 3 Bedrooms | $689.7K | $675K | -2.1% |
| 4 Bedrooms | $1.0M | $1.0M | 0.5% |
| 5+ Bedrooms | $1.3M | $1.2M | -3.1% |
Summary: 37064 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 3.1%.
Housing Supply in 37064, TN
How many homes are available in 37064, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 320 | 380 | +18.8% |
Summary: The 37064 real estate market had 380 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 35 | 44 | +25.7% |
| 3 Bedrooms | 116 | 129 | +11.2% |
| 4 Bedrooms | 106 | 135 | +27.4% |
| 5+ Bedrooms | 59 | 65 | +10.2% |
Summary: The 37064 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 78 | +62.5% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37064, you may be able to get a good deal. 50.6% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in 37064 in March 2024, up by 62.5% month-over-month. Of the 77 sold homes, 51% were sold under asking, 27% were sold at asking, and 22% were sold over asking.
Days on Market for 37064, TN
How long does it take to sell a home in 37064, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -13.5% |
Summary: Homes in 37064 had an average of 33 days on market in Mar 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37064 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 78 homes were sold in 37064; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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.