Is 37208, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 37208 was a Seller's Market.
Key Takeaway
37208 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37208, TN
How much do homes in 37208, TN cost?
Median Sold Price
$553,750
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37208 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 37208 was $553,750 in March 2024, down 1.1% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $453K | $465K | +2.6% |
| 2 Bedrooms | $439.9K | $460K | +4.6% |
| 3 Bedrooms | $552K | $535K | -3.1% |
| 4 Bedrooms | $689.9K | $600K | -13.0% |
| 5+ Bedrooms | $829.9K | $622K | -25.1% |
Summary: 37208 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 25.1%.
Housing Supply in 37208, TN
How many homes are available in 37208, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 184 | +10.8% |
Summary: The 37208 real estate market had 184 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 17 | 27 | +58.8% |
| 3 Bedrooms | 81 | 83 | +2.5% |
| 4 Bedrooms | 49 | 54 | +10.2% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 37208 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 58.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37208, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 37208 in March 2024, down by 25.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for 37208, TN
How long does it take to sell a home in 37208, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 44 Days | +17.8% |
Summary: Homes in 37208 had an average of 44 days on market in Mar 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37208 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 37208; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% 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.