Is 37211, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$418,352
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37211 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 37211 was $418,352 in March 2024, up 0.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $220K | +25.7% |
| 2 Bedrooms | $297K | $280K | -5.7% |
| 3 Bedrooms | $429.6K | $424.6K | -1.2% |
| 4 Bedrooms | $559.9K | $549K | -1.9% |
| 5+ Bedrooms | $635K | $604.5K | -4.8% |
Summary: 37211 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 37211, TN
How many homes are available in 37211, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 290 | 315 | +8.6% |
Summary: The 37211 real estate market had 315 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 67 | 67 | 0.0% |
| 3 Bedrooms | 139 | 147 | +5.8% |
| 4 Bedrooms | 66 | 78 | +18.2% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 37211 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 70 | +22.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37211, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in 37211 in March 2024, up by 22.8% month-over-month. Of the 70 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +22.0% |
Summary: Homes in 37211 had an average of 30 days on market in Mar 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 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 March 2024, 70 homes were sold in 37211; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% 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.