Is 37115, 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, 37115 has remained a Seller's Market.
Key Takeaway
37115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37115, TN
How much do homes in 37115, TN cost?
Median Sold Price
$329,900
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 37115 has remained the same since last year.
Summary: The median home sold price in 37115 was $329,900 in March 2024, the same as last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.5K | $180K | +16.5% |
| 2 Bedrooms | $242.2K | $245K | +1.1% |
| 3 Bedrooms | $355.6K | $340K | -4.4% |
| 4 Bedrooms | $500K | $499.9K | 0% |
| 5+ Bedrooms | $704.5K | $535K | -24.1% |
Summary: 37115 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 24.1%.
Housing Supply in 37115, TN
How many homes are available in 37115, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 148 | 165 | +11.5% |
Summary: The 37115 real estate market had 165 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 35 | 48 | +37.1% |
| 3 Bedrooms | 77 | 80 | +3.9% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 37115 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37115, 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 37115 in March 2024, the same as the previous month. Of the 33 sold homes, 39% were sold under asking, 45% were sold at asking, and 15% were sold over asking.
Days on Market for 37115, TN
How long does it take to sell a home in 37115, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -30.2% |
Summary: Homes in 37115 had an average of 23 days on market in Mar 2024, down by 30.2% 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 37115 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 37115; 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.