Is 37174, 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, 37174 has remained a Seller's Market.
Key Takeaway
37174 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37174, TN
How much do homes in 37174, TN cost?
Median Sold Price
$481,610
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37174 have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in 37174 was $481,610 in March 2024, down 6.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $501.5K | +271.5% |
| 2 Bedrooms | $351K | $338.9K | -3.4% |
| 3 Bedrooms | $452K | $430K | -4.9% |
| 4 Bedrooms | $575.5K | $551.6K | -4.1% |
| 5+ Bedrooms | $699.9K | $729.9K | +4.3% |
Summary: 37174 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 271.5%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 37174, TN
How many homes are available in 37174, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 278 | 314 | +12.9% |
Summary: The 37174 real estate market had 314 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 124 | 143 | +15.3% |
| 4 Bedrooms | 101 | 107 | +5.9% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The 37174 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 26.9%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 64 | -4.5% |
Asking Price vs. Sold Price
35 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 37174, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in 37174 in March 2024, down by 4.5% month-over-month. Of the 64 sold homes, 55% were sold under asking, 31% were sold at asking, and 14% were sold over asking.
Days on Market for 37174, TN
How long does it take to sell a home in 37174, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +14.4% |
Summary: Homes in 37174 had an average of 39 days on market in Mar 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37174 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 64 homes were sold in 37174; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% 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.