Is 37214, 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, 37214 has remained a Seller's Market.
Key Takeaway
37214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37214, TN
How much do homes in 37214, TN cost?
Median Sold Price
$379,261
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37214 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 37214 was $379,261 in March 2024, up 1.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $225K | +3.7% |
| 2 Bedrooms | $279.9K | $288K | +2.9% |
| 3 Bedrooms | $385K | $389.5K | +1.2% |
| 4 Bedrooms | $520K | $493.4K | -5.1% |
| 5+ Bedrooms | $691.9K | $595K | -14.0% |
Summary: 37214 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 14%.
Housing Supply in 37214, TN
How many homes are available in 37214, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 130 | 138 | +6.2% |
Summary: The 37214 real estate market had 138 homes for sale in March 2024, a 6.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 80 | 78 | -2.5% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 37214 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37214, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 37214 in March 2024, down by 6.1% month-over-month. Of the 31 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% were sold over asking.
Days on Market for 37214, TN
How long does it take to sell a home in 37214, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 15 Days | -28.4% |
Summary: Homes in 37214 had an average of 15 days on market in Mar 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37214 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in 37214; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% 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.