Is 37212, 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, 37212 was a Seller's Market.
Key Takeaway
37212 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37212, TN
How much do homes in 37212, TN cost?
Median Sold Price
$800,000
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37212 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 37212 was $800,000 in April 2024, up 6% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | $365K | +2.1% |
| 2 Bedrooms | $599.9K | $591K | -1.5% |
| 3 Bedrooms | $802K | $815K | +1.6% |
| 4 Bedrooms | $1.1M | $1.2M | +5.1% |
| 5+ Bedrooms | $2.6M | $2.1M | -18.1% |
Summary: 37212 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 18.1%.
Housing Supply in 37212, TN
How many homes are available in 37212, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 119 | 128 | +7.6% |
Summary: The 37212 real estate market had 128 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 37212 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37212, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 37212 in April 2024, down by 31.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 33% were sold at asking, and 7% were sold over asking.
Days on Market for 37212, TN
How long does it take to sell a home in 37212, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 53 Days | +87.6% |
Summary: Homes in 37212 had an average of 53 days on market in Apr 2024, up by 87.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37212 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 37212; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.