Is 37190, 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, 37190 has remained a Seller's Market.
Key Takeaway
37190 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37190, TN
How much do homes in 37190, TN cost?
Median Sold Price
$300,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37190 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 37190 was $300,000 in April 2024, up 7.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $154K | $239.9K | +55.8% |
| 3 Bedrooms | $299.9K | $332.7K | +10.9% |
| 4 Bedrooms | $395K | $385K | -2.5% |
| 5+ Bedrooms | $597K | $341K | -42.9% |
Summary: 37190 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 increased by 55.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 42.9%.
Housing Supply in 37190, TN
How many homes are available in 37190, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The 37190 real estate market had 44 homes for sale in April 2024, a 10.0% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 37190 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 40%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37190, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 37190 in April 2024, up by 37.5% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for 37190, TN
How long does it take to sell a home in 37190, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 40 Days | +111.5% |
Summary: Homes in 37190 had an average of 40 days on market in Apr 2024, up by 111.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37190 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 37190; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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.