Is 37148, 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, 37148 has remained a Seller's Market.
Key Takeaway
37148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37148, TN
How much do homes in 37148, TN cost?
Median Sold Price
$328,300
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37148 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 37148 was $328,300 in April 2024, up 4.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $136K | -15.0% |
| 2 Bedrooms | $217.9K | $232K | +6.4% |
| 3 Bedrooms | $320K | $320.4K | 0.1% |
| 4 Bedrooms | $372.5K | $459.9K | +23.5% |
| 5+ Bedrooms | $451.9K | $302.5K | -33.1% |
Summary: 37148 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 33.1%.
Housing Supply in 37148, TN
How many homes are available in 37148, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 128 | 141 | +10.2% |
Summary: The 37148 real estate market had 141 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 101 | 105 | +4.0% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 37148 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37148, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 37148 in April 2024, down by 17.1% month-over-month. Of the 29 sold homes, 66% were sold under asking, 7% were sold at asking, and 28% were sold over asking.
Days on Market for 37148, TN
How long does it take to sell a home in 37148, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +7.0% |
Summary: Homes in 37148 had an average of 31 days on market in Apr 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37148 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in 37148; 62% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% 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.