Is 37160, 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, 37160 has remained a Seller's Market.
Key Takeaway
37160 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37160, TN
How much do homes in 37160, TN cost?
Median Sold Price
$307,950
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37160 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 37160 was $307,950 in April 2024, up 4.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $329.9K | +307.3% |
| 2 Bedrooms | $220K | $227.2K | +3.3% |
| 3 Bedrooms | $295.9K | $304.7K | +3.0% |
| 4 Bedrooms | $355.7K | $354.7K | -0.3% |
| 5+ Bedrooms | $462.5K | $365.5K | -21.0% |
Summary: 37160 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 307.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 21%.
Housing Supply in 37160, TN
How many homes are available in 37160, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 174 | 188 | +8.0% |
Summary: The 37160 real estate market had 188 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 123 | 135 | +9.8% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 37160 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 increased by 18.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37160, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 37160 in April 2024, down by 2.4% month-over-month. Of the 39 sold homes, 54% were sold under asking, 36% were sold at asking, and 10% were sold over asking.
Days on Market for 37160, TN
How long does it take to sell a home in 37160, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 41 Days | -20.6% |
Summary: Homes in 37160 had an average of 41 days on market in Apr 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37160 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 41 homes were sold in 37160; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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.