Is 37415, 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, 37415 has remained a Seller's Market.
Key Takeaway
37415 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 37415, TN
How much do homes in 37415, TN cost?
Median Sold Price
$349,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 37415 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 37415 was $349,900 in March 2024, up 10% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $148.5K | -5.7% |
| 2 Bedrooms | $249.9K | $230K | -8.0% |
| 3 Bedrooms | $325K | $339.9K | +4.6% |
| 4 Bedrooms | $416.2K | $445K | +6.9% |
| 5+ Bedrooms | $490K | $595K | +21.4% |
Summary: 37415 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in 37415, TN
How many homes are available in 37415, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 132 | +13.8% |
Summary: The 37415 real estate market had 132 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 34 | +54.5% |
| 3 Bedrooms | 61 | 57 | -6.6% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 37415 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 54.5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 50 | +100.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37415, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 37415 in March 2024, up by 100.0% month-over-month. Of the 50 sold homes, 50% were sold under asking, 26% were sold at asking, and 24% were sold over asking.
Days on Market for 37415, TN
How long does it take to sell a home in 37415, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 22 Days | +391.8% |
Summary: Homes in 37415 had an average of 22 days on market in Mar 2024, up by 391.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 37415 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 50 homes were sold in 37415; 16% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% 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.