Is 37188, 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, 37188 has remained a Seller's Market.
Key Takeaway
37188 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37188, TN
How much do homes in 37188, TN cost?
Median Sold Price
$393,623
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 37188 has remained the same since last year.
Summary: The median home sold price in 37188 was $393,623 in April 2024, down 0.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $387K | $285K | -26.4% |
| 3 Bedrooms | $374.3K | $367.8K | -1.7% |
| 4 Bedrooms | $437.3K | $415K | -5.1% |
| 5+ Bedrooms | $454.9K | $418.2K | -8.1% |
Summary: 37188 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 37188, TN
How many homes are available in 37188, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 144 | +2.9% |
Summary: The 37188 real estate market had 144 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 80 | 88 | +10.0% |
| 4 Bedrooms | 40 | 42 | +5.0% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The 37188 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 decreased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37188, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 37188 in April 2024, down by 13.2% month-over-month. Of the 33 sold homes, 39% were sold under asking, 55% were sold at asking, and 6% were sold over asking.
Days on Market for 37188, TN
How long does it take to sell a home in 37188, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | -1.7% |
Summary: Homes in 37188 had an average of 30 days on market in Apr 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37188 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in 37188; 58% of homes were sold within 30 days, 33% 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.