Is 37215, 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, 37215 has remained a Seller's Market.
Key Takeaway
37215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37215, TN
How much do homes in 37215, TN cost?
Median Sold Price
$1,109,166
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37215 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 37215 was $1,109,166 in March 2024, down 0.7% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $257.5K | +7.3% |
| 2 Bedrooms | $422.5K | $430K | +1.8% |
| 3 Bedrooms | $850K | $905K | +6.5% |
| 4 Bedrooms | $1.5M | $1.5M | 0.0% |
| 5+ Bedrooms | $2.7M | $2.5M | -6.5% |
Summary: 37215 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 37215, TN
How many homes are available in 37215, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 225 | 249 | +10.7% |
Summary: The 37215 real estate market had 249 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 37 | 44 | +18.9% |
| 4 Bedrooms | 74 | 87 | +17.6% |
| 5+ Bedrooms | 77 | 80 | +3.9% |
Summary: The 37215 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 45 | +66.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37215, you may be able to get a good deal. 75.6% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 37215 in March 2024, up by 66.7% month-over-month. Of the 45 sold homes, 76% were sold under asking, 20% were sold at asking, and 4% were sold over asking.
Days on Market for 37215, TN
How long does it take to sell a home in 37215, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 52 Days | +107.7% |
Summary: Homes in 37215 had an average of 52 days on market in Mar 2024, up by 107.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37215 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 45 homes were sold in 37215; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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.