Is 37409, 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, 37409 has remained a Seller's Market.
Key Takeaway
37409 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37409, TN
How much do homes in 37409, TN cost?
Median Sold Price
$345,500
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37409 have sold for 4% less than they did a year ago.
Summary: The median home sold price in 37409 was $345,500 in March 2024, down 4% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $341.5K | N/A |
| 2 Bedrooms | $309.8K | $327.5K | +5.7% |
| 3 Bedrooms | $442.5K | $461.5K | +4.3% |
| 4 Bedrooms | $585K | $623.1K | +6.5% |
| 5+ Bedrooms | $280K | $370K | +32.1% |
Summary: 37409 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 32.1%.
Housing Supply in 37409, TN
How many homes are available in 37409, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Summary: The 37409 real estate market had 33 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 37409 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37409, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 37409 in March 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for 37409, TN
How long does it take to sell a home in 37409, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Days | 10 Days | +566.7% |
Summary: Homes in 37409 had an average of 10 days on market in Mar 2024, up by 566.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37409 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 37409; 14% of homes were sold within 30 days, 0% 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.