Is 37185, 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, 37185 has remained a Seller's Market.
Key Takeaway
37185 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37185, TN
How much do homes in 37185, TN cost?
Median Sold Price
$220,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37185 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 37185 was $220,500 in March 2024, up 15.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.7K | $166.5K | +20.0% |
| 2 Bedrooms | $152.5K | $160.7K | +5.4% |
| 3 Bedrooms | $197.2K | $230.2K | +16.7% |
| 4 Bedrooms | $310K | $250K | -19.4% |
| 5+ Bedrooms | - | $490K | N/A |
Summary: 37185 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes did not change.
Housing Supply in 37185, TN
How many homes are available in 37185, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The 37185 real estate market had 37 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37185 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 decreased by 20%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37185, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 37185 in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 37185, TN
How long does it take to sell a home in 37185, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 70 Days | +9.6% |
Summary: Homes in 37185 had an average of 70 days on market in Mar 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37185 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 37185; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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.