Is 37179, 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, 37179 has remained a Seller's Market.
Key Takeaway
37179 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37179, TN
How much do homes in 37179, TN cost?
Median Sold Price
$679,063
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37179 have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in 37179 was $679,063 in March 2024, down 9.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | $240K | -85.2% |
| 2 Bedrooms | $350K | $570K | +62.9% |
| 3 Bedrooms | $525K | $509K | -3.0% |
| 4 Bedrooms | $850.6K | $771.5K | -9.3% |
| 5+ Bedrooms | $1.1M | $1.1M | -4.8% |
Summary: 37179 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85.2%, 2 bedroom homes increased by 62.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 37179, TN
How many homes are available in 37179, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 153 | 158 | +3.3% |
Summary: The 37179 real estate market had 158 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 54 | 56 | +3.7% |
| 4 Bedrooms | 57 | 54 | -5.3% |
| 5+ Bedrooms | 34 | 40 | +17.6% |
Summary: The 37179 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 37 | +32.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37179, expect to pay close to the asking price. 48.6% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in 37179 in March 2024, up by 32.1% month-over-month. Of the 37 sold homes, 41% were sold under asking, 49% were sold at asking, and 11% were sold over asking.
Days on Market for 37179, TN
How long does it take to sell a home in 37179, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 38 Days | -5.9% |
Summary: Homes in 37179 had an average of 38 days on market in Mar 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37179 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in 37179; 70% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 19% 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.