Is 37090, 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, 37090 has remained a Seller's Market.
Key Takeaway
37090 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37090, TN
How much do homes in 37090, TN cost?
Median Sold Price
$477,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37090 have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in 37090 was $477,000 in April 2024, up 18.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $109K | -76.3% |
| 2 Bedrooms | $400K | $394.4K | -1.4% |
| 3 Bedrooms | $359.9K | $437K | +21.4% |
| 4 Bedrooms | $525K | $550K | +4.8% |
| 5+ Bedrooms | $520K | $584K | +12.3% |
Summary: 37090 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 37090, TN
How many homes are available in 37090, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 109 | 121 | +11.0% |
Summary: The 37090 real estate market had 121 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 68 | 73 | +7.4% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 37090 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 18.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37090, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 37090 in April 2024, down by 30.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for 37090, TN
How long does it take to sell a home in 37090, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 15 Days | -53.4% |
Summary: Homes in 37090 had an average of 15 days on market in Apr 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37090 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 37090; 86% of homes were sold within 30 days, 14% 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.