Is 37129, 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, 37129 has remained a Seller's Market.
Key Takeaway
37129 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37129, TN
How much do homes in 37129, TN cost?
Median Sold Price
$445,238
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37129 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 37129 was $445,238 in March 2024, down 1.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $325K | +80.6% |
| 2 Bedrooms | $273K | $279.4K | +2.4% |
| 3 Bedrooms | $384.8K | $389.9K | +1.3% |
| 4 Bedrooms | $569.8K | $564.9K | -0.9% |
| 5+ Bedrooms | $647.5K | $671.4K | +3.7% |
Summary: 37129 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 37129, TN
How many homes are available in 37129, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 249 | 270 | +8.4% |
Summary: The 37129 real estate market had 270 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 23 | +76.9% |
| 3 Bedrooms | 115 | 123 | +7.0% |
| 4 Bedrooms | 105 | 108 | +2.9% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 37129 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 76.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 59 | +13.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37129, expect to pay close to the asking price. 48.2% of homes here sold near the asking price last month.
Summary: A total of 59 homes were sold or pending in 37129 in March 2024, up by 13.5% month-over-month. Of the 56 sold homes, 30% were sold under asking, 48% were sold at asking, and 21% were sold over asking.
Days on Market for 37129, TN
How long does it take to sell a home in 37129, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 28 Days | -19.1% |
Summary: Homes in 37129 had an average of 28 days on market in Mar 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37129 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 59 homes were sold in 37129; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% 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.