Is 37209, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 37209 was a Seller's Market.
Key Takeaway
37209 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 37209, TN
How much do homes in 37209, TN cost?
Median Sold Price
$625,000
$327/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in 37209 has remained the same since last year.
Summary: The median home sold price in 37209 was $625,000 in May 2024, the same as last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $325K | -3.0% |
| 2 Bedrooms | $426.5K | $442K | +3.6% |
| 3 Bedrooms | $648K | $618.3K | -4.6% |
| 4 Bedrooms | $782.5K | $799K | +2.1% |
| 5+ Bedrooms | $998K | $1.1M | +12.2% |
Summary: 37209 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 37209, TN
How many homes are available in 37209, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 407 | 444 | +9.1% |
Summary: The 37209 real estate market had 444 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 33 | +13.8% |
| 2 Bedrooms | 58 | 59 | +1.7% |
| 3 Bedrooms | 165 | 188 | +13.9% |
| 4 Bedrooms | 127 | 133 | +4.7% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The 37209 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 72 | 0.0% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 37209, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 37209 in May 2024, the same as the previous month. Of the 71 sold homes, 61% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 37209, TN
How long does it take to sell a home in 37209, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +51.7% |
Summary: Homes in 37209 had an average of 30 days on market in May 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 37209 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 72 homes were sold in 37209; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% 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.