Is 37122, 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, 37122 has remained a Seller's Market.
Key Takeaway
37122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37122, TN
How much do homes in 37122, TN cost?
Median Sold Price
$558,160
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37122 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 37122 was $558,160 in April 2024, up 1.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417.5K | $232.5K | -44.3% |
| 2 Bedrooms | $370K | $406.9K | +10.0% |
| 3 Bedrooms | $460K | $481.7K | +4.7% |
| 4 Bedrooms | $625.5K | $600.8K | -3.9% |
| 5+ Bedrooms | $699.6K | $696.9K | -0.4% |
Summary: 37122 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in 37122, TN
How many homes are available in 37122, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 303 | 349 | +15.2% |
Summary: The 37122 real estate market had 349 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 114 | 139 | +21.9% |
| 4 Bedrooms | 126 | 144 | +14.3% |
| 5+ Bedrooms | 35 | 39 | +11.4% |
Summary: The 37122 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 73 | +2.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37122, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in 37122 in April 2024, up by 2.8% month-over-month. Of the 73 sold homes, 49% were sold under asking, 40% were sold at asking, and 11% were sold over asking.
Days on Market for 37122, TN
How long does it take to sell a home in 37122, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +14.1% |
Summary: Homes in 37122 had an average of 32 days on market in Apr 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37122 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 73 homes were sold in 37122; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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. 
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