Is 37167, 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, 37167 has remained a Seller's Market.
Key Takeaway
37167 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37167, TN
How much do homes in 37167, TN cost?
Median Sold Price
$414,748
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37167 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 37167 was $414,748 in March 2024, up 5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $358K | -10.5% |
| 2 Bedrooms | $290K | $310K | +6.9% |
| 3 Bedrooms | $370K | $375K | +1.4% |
| 4 Bedrooms | $530K | $500.9K | -5.5% |
| 5+ Bedrooms | $607K | $581.5K | -4.2% |
Summary: 37167 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 37167, TN
How many homes are available in 37167, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 255 | 241 | -5.5% |
Summary: The 37167 real estate market had 241 homes for sale in March 2024, a 5.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 110 | 105 | -4.5% |
| 4 Bedrooms | 99 | 89 | -10.1% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The 37167 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 52 | -18.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37167, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in 37167 in March 2024, down by 18.8% month-over-month. Of the 52 sold homes, 44% were sold under asking, 38% were sold at asking, and 17% were sold over asking.
Days on Market for 37167, TN
How long does it take to sell a home in 37167, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 23 Days | -48.6% |
Summary: Homes in 37167 had an average of 23 days on market in Mar 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37167 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 52 homes were sold in 37167; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% 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.