Is 37211, 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, 37211 has remained a Seller's Market.
Key Takeaway
37211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37211, TN
How much do homes in 37211, TN cost?
Median Sold Price
$424,800
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37211 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 37211 was $424,800 in April 2024, up 3.8% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $177K | -2.2% |
| 2 Bedrooms | $292K | $285K | -2.4% |
| 3 Bedrooms | $425K | $441.7K | +3.9% |
| 4 Bedrooms | $550K | $570K | +3.6% |
| 5+ Bedrooms | $635K | $640K | +0.8% |
Summary: 37211 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 37211, TN
How many homes are available in 37211, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 318 | 316 | -0.6% |
Summary: The 37211 real estate market had 316 homes for sale in April 2024, a 0.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 63 | 67 | +6.3% |
| 3 Bedrooms | 150 | 145 | -3.3% |
| 4 Bedrooms | 82 | 82 | 0.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 37211 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 73 | -6.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37211, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in 37211 in April 2024, down by 6.4% month-over-month. Of the 72 sold homes, 46% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 37211, TN
How long does it take to sell a home in 37211, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -4.8% |
Summary: Homes in 37211 had an average of 24 days on market in Apr 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37211 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 73 homes were sold in 37211; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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.