Is 37355, 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, 37355 has remained a Seller's Market.
Key Takeaway
37355 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37355, TN
How much do homes in 37355, TN cost?
Median Sold Price
$310,066
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 37355 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 37355 was $310,066 in April 2024, up 3.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $157.5K | $225K | +42.9% |
| 3 Bedrooms | $290K | $309.9K | +6.9% |
| 4 Bedrooms | $450K | $390K | -13.3% |
| 5+ Bedrooms | $570K | $355K | -37.7% |
Summary: 37355 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 37.7%.
Median Sold Price Compared To Nearby Zip Codes
| 37357 | $270K | $345K | +27.8% |
| 37355 | $300.7K | $310K | +3.1% |
Housing Supply in 37355, TN
How many homes are available in 37355, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 115 | 111 | -3.5% |
Summary: The 37355 real estate market had 111 homes for sale in April 2024, a 3.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 85 | 75 | -11.8% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37355 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37355, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 37355 in April 2024, down by 14.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 37355, TN
How long does it take to sell a home in 37355, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 55 Days | -27.2% |
Summary: Homes in 37355 had an average of 55 days on market in Apr 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37355 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 37355; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% 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.