Is 37209, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 37209 was a Seller's Market.
Key Takeaway
37209 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37209, TN
How much do homes in 37209, TN cost?
Median Sold Price
$640,300
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37209 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 37209 was $640,300 in April 2024, up 4.2% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $334.7K | -0.1% |
| 2 Bedrooms | $425K | $435K | +2.4% |
| 3 Bedrooms | $644.3K | $630K | -2.2% |
| 4 Bedrooms | $799.5K | $784.5K | -1.9% |
| 5+ Bedrooms | $954K | $1.2M | +25.8% |
Summary: 37209 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 25.8%.
Housing Supply in 37209, TN
How many homes are available in 37209, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 373 | 423 | +13.4% |
Summary: The 37209 real estate market had 423 homes for sale in April 2024, a 13.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 28 | +33.3% |
| 2 Bedrooms | 62 | 57 | -8.1% |
| 3 Bedrooms | 143 | 172 | +20.3% |
| 4 Bedrooms | 124 | 139 | +12.1% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The 37209 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 65 | -4.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37209, you may be able to get a good deal. 43.1% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in 37209 in April 2024, down by 4.4% month-over-month. Of the 65 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% were sold over asking.
Days on Market for 37209, TN
How long does it take to sell a home in 37209, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +5.7% |
Summary: Homes in 37209 had an average of 25 days on market in Apr 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37209 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 65 homes were sold in 37209; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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.