Is 37091, 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, 37091 has remained a Seller's Market.
Key Takeaway
37091 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37091, TN
How much do homes in 37091, TN cost?
Median Sold Price
$275,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37091 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 37091 was $275,000 in April 2024, down 1.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $135K | +16.4% |
| 2 Bedrooms | $140K | $186.2K | +33.0% |
| 3 Bedrooms | $290K | $275K | -5.2% |
| 4 Bedrooms | $330.7K | $362.5K | +9.6% |
| 5+ Bedrooms | $690K | $350K | -49.3% |
Summary: 37091 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 33%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 49.3%.
Housing Supply in 37091, TN
How many homes are available in 37091, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 129 | 141 | +9.3% |
Summary: The 37091 real estate market had 141 homes for sale in April 2024, a 9.3% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 95 | 104 | +9.5% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 37091 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 decreased by 10%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37091, expect to pay close to the asking price. 53.6% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in 37091 in April 2024, up by 27.3% month-over-month. Of the 28 sold homes, 39% were sold under asking, 54% were sold at asking, and 7% were sold over asking.
Days on Market for 37091, TN
How long does it take to sell a home in 37091, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +54.3% |
Summary: Homes in 37091 had an average of 38 days on market in Apr 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37091 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 37091; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% 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.