Is 37086, 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, 37086 has remained a Seller's Market.
Key Takeaway
37086 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37086, TN
How much do homes in 37086, TN cost?
Median Sold Price
$360,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37086 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 37086 was $360,000 in April 2024, up 2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261.5K | $253.6K | -3.0% |
| 3 Bedrooms | $340K | $340K | 0.0% |
| 4 Bedrooms | $469.9K | $465K | -1.1% |
| 5+ Bedrooms | $475K | $541.5K | +14.0% |
Summary: 37086 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%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14%.
Housing Supply in 37086, TN
How many homes are available in 37086, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 128 | -2.3% |
Summary: The 37086 real estate market had 128 homes for sale in April 2024, a 2.3% 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 | 15 | 16 | +6.7% |
| 3 Bedrooms | 83 | 77 | -7.2% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 37086 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 increased by 6.7%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37086, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 37086 in April 2024, down by 13.2% month-over-month. Of the 33 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for 37086, TN
How long does it take to sell a home in 37086, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -15.3% |
Summary: Homes in 37086 had an average of 25 days on market in Apr 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37086 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in 37086; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% 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.