Is 37150, 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, 37150 has remained a Seller's Market.
Key Takeaway
37150 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37150, TN
How much do homes in 37150, TN cost?
Median Sold Price
$237,450
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37150 have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in 37150 was $237,450 in April 2024, up 18.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140.8K | $185.5K | +31.7% |
| 3 Bedrooms | $214.9K | $239.9K | +11.6% |
| 4 Bedrooms | $200K | $388.9K | +94.5% |
| 5+ Bedrooms | - | $53K | N/A |
Summary: 37150 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 94.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 37150 | $200K | $237.4K | +18.7% |
| 37083 | $267.5K | $270K | +0.9% |
Housing Supply in 37150, TN
How many homes are available in 37150, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The 37150 real estate market had 21 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 37150 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 16.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37150, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 37150 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 37150, TN
How long does it take to sell a home in 37150, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 102 Days | 139 Days | +36.5% |
Summary: Homes in 37150 had an average of 139 days on market in Apr 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37150 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 37150; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.