37128, Murfreesboro, TN Homes for Sale
Introduction to Murfreesboro, TN 37128: A Real Estate Overview
Welcome to the 37128 ZIP code area of Murfreesboro, TN, a vibrant community in Rutherford County that's capturing the attention of many homebuyers. Nestled in the heart of Tennessee, Murfreesboro is not just a historical treasure but also a growing hub for families and professionals alike. In 37128, you'll find a blend of suburban comfort and modern amenities, making it a sought-after destination for those looking to purchase a home.
Recent Market Trends in 37128
Housing Market Dynamics
The real estate market in 37128 has been experiencing interesting shifts lately. As of October 2023, the median price of homes in this area was around $413,376, reflecting a slight decrease of 0.4% compared to last year. Despite this small dip, the overall trend has been towards rising prices. In fact, data from mid-February 2022 to now shows a median sales price of $430,000, up from the previous year. This indicates a healthy demand in the market.
Property Sales and Listings
The variety in the market is evident, with home prices ranging from $1,950 to a staggering $1,999,999. The median sales price in this ZIP code stands at $423,135.86, showcasing the wide range of options available to buyers. Over the past twelve months, the 37128 area saw a total of 2,523 properties sold, a testament to its popularity.
Listing Prices and Square Footage
Another aspect to consider is the listing price per square foot, which was about $210 as of October 2023. The median listing home price had a slight downward trend, recorded at $449.9K, down by 3.7% year-over-year. These figures help potential buyers gauge the market value and investment potential of properties in this ZIP code.
Decoding the Market: Recent Sales and Price Trends in 37128
In 37128, the real estate market is dynamic, with a mix of rising prices and varied listings. This trend reflects the growing appeal of Murfreesboro as a place to live. Whether you are a first-time homebuyer, a growing family, or looking for an investment, understanding these trends is crucial in making an informed decision.
A Closer Look at Sales Prices
The market has seen an increase in the median sales price over the past year. From a median of $430,000 in early 2022, there's a clear indication of a robust market. Despite the slight decrease in median price as of October 2023, the overall trend points towards a steady rise in property values.
The Scope of Listings
With homes listed for sale ranging dramatically in price, 37128 offers something for everyone. This range signifies a diverse market, accommodating various budgets and preferences. The large number of properties sold in the past year highlights the area's desirability among buyers.
Analyzing Price Per Square Foot
At $210 per square foot, the area's pricing is competitive, offering good value for the size and quality of homes available. This figure is crucial for buyers to understand what they can expect in terms of space and amenities for their budget.
A Glimpse at 37128 Homes: Styles, Sizes, and Age
Architectural Styles and Design
37128 boasts a variety of housing styles, catering to different tastes and needs. The area's homes draw inspiration from farmhouse and Craftsman designs, among others. These styles are known for their distinct aesthetic appeal, blending traditional charm with modern functionality.
Size and Layout Options
Whether you're looking for a cozy starter home, a spacious single-family residence, or a convenient townhome, 37128 has it all. The homes in this area range from 1,315 to 4,840 square feet, offering floor plans with up to 5 bedrooms. This range accommodates various family sizes and lifestyles, ensuring that there's a perfect fit for every buyer.
Modern Amenities and Features
The interiors of these homes are just as impressive, with features like pantries, quartz countertops, oversized kitchen islands, and luxurious owner’s retreats. These amenities not only add comfort but also enhance the functionality of the living spaces, making them ideal for today's modern families.
In conclusion, Murfreesboro's 37128 ZIP code area presents a dynamic and appealing real estate market, with a diverse range of properties to suit different preferences and budgets. From the current market trends to the architectural styles and sizes of homes, this area offers a wealth of options for prospective homebuyers.
A Glimpse at 37128 Homes: Styles, Sizes, and Age
Diverse Architectural Styles
In Murfreesboro's 37128, you'll find a rich tapestry of architectural styles. From the charm of farmhouse designs to the functional elegance of Craftsman homes, the area caters to a variety of aesthetic preferences. These homes stand out with their varied rooflines and the blended use of exterior materials, giving each property a unique curb appeal.
Modern Interiors and Spacious Layouts
The interior designs are just as diverse and modern. Homebuyers can expect features like pantries, quartz countertops, and oversized kitchen islands. Great rooms and luxurious owner's retreats are common, offering comfort and style. With floor plans ranging from 1,315 to 4,840 square feet and up to 5 bedrooms, these homes are designed to suit different lifestyles and family sizes.
Median Age of Real Estate
The homes in ZIP code 37128 are relatively new, with the median age of real estate being 15 years. This indicates a good mix of well-established homes and newer constructions, providing options for those seeking either contemporary or slightly older, more settled-in neighborhoods.
Understanding Property Values: Factors Influencing Prices in 37128
Location and Neighborhood Dynamics
One of the biggest factors influencing property values in 37128 is location. Situated in a thriving part of Murfreesboro, the neighborhood's appeal is boosted by its proximity to schools, parks, and essential amenities. This desirability is reflected in the property values and the consistent demand for homes in the area.
Property Size and Amenities
The size of the property and the amenities offered play a significant role in determining prices. Larger homes with modern amenities, such as energy-efficient appliances, smart home features, and landscaped gardens, command higher prices. Similarly, homes with larger lot sizes or those offering more privacy typically have a higher value.
Property Tax Rates
For those considering a move to 37128, it's important to factor in property taxes. In Murfreesboro, the property tax rate for 2023 is $0.9526 per $100 of assessed value. Understanding these rates can help buyers budget accordingly and assess the long-term affordability of their home purchase.
In summary, the 37128 ZIP code in Murfreesboro, TN, offers a diverse range of homes, both in terms of style and size. The area's real estate is relatively new, and the property values are influenced by various factors including location, property size, amenities, and tax rates. This comprehensive view helps potential buyers make informed decisions when considering a property in this vibrant community.
Key Amenities and Upgrades: What 37128 Homes Offer
Contemporary Home Features
Homes in Murfreesboro's 37128 area are known for their modern amenities, which significantly enhance the living experience. Key features in many homes include pantries, quartz countertops, and oversized kitchen islands, ideal for those who love cooking or entertaining. Great rooms provide spacious, comfortable areas for family gatherings, while luxurious owner’s retreats offer a private escape within the home.
Outdoor and Community Amenities
The community amenities in this area cater to a wide range of interests and needs. Residents can enjoy communal facilities such as pools and cabanas, perfect for hot summer days. For families with children, tot lots offer safe play areas. The presence of well-maintained sidewalks and open spaces encourages outdoor activities and fosters a sense of community.
Exploring the Neighborhood: Schools, Parks, and Community Spaces
Top-Ranked Public Schools
The public schools in ZIP code 37128 are a strong point of attraction for families. Notable schools in the area include Overall Creek Elementary School, Barfield Elementary School, and Blackman Middle School, known for their excellent academic performance and supportive learning environments. Other schools serving the community include Barfield Elementary School, Christiana Middle School, and Rockvale High School, providing quality education at various levels.
Parks and Recreational Facilities
Murfreesboro is renowned for its expansive parks and recreation facilities, with over 1200 acres of parks, greenways, and open spaces. These areas offer residents numerous opportunities for safe, outdoor recreational activities. The award-winning Murfreesboro Parks and Recreation Department ensures these spaces are well-maintained and accessible for all.
Community Life and Accessibility
The area's strong sense of community is further enhanced by its proximity to various amenities. Residents have easy access to shopping, dining, and entertainment options, including the trendy open-air lifestyle center, The Avenue Murfreesboro, and the eclectic setting of Main Street in historic downtown Murfreesboro. Additionally, the community's easy Interstate access puts Nashville just 30 miles away, offering even more cultural and entertainment options.
In conclusion, Murfreesboro's 37128 ZIP code area offers a blend of modern home amenities and a vibrant community life. With top-ranked schools, expansive parks, and a variety of recreational and entertainment options, it's an ideal location for families and individuals seeking a high-quality living experience.
Property Sizes and Land: Understanding Lot Dimensions in 37128
Average Lot Sizes
In Murfreesboro's 37128 area, properties come in various sizes, catering to different preferences and needs. An example of this diversity can be seen on Holderwood Drive, where the average lot size is approximately 8,881 square feet. These spacious lots provide ample room for outdoor activities, gardening, or simply enjoying a sense of openness.
Property Tax Implications
Understanding the size of a property is also crucial when considering property taxes. In Murfreesboro, the property tax rate for 2023 is $0.9526 per $100 of assessed value. Knowing the lot size and corresponding tax rates can help potential homeowners budget effectively for annual expenses.
The Construction Landscape: Materials and Building Trends in 37128
Exterior Styles and Materials
Murfreesboro's 37128 area features a variety of housing designs, ranging from farmhouse to Craftsman styles. These homes are known for their varied rooflines and the blended use of exterior materials, giving them a distinctive curb appeal. The use of such diverse materials not only enhances the aesthetic value of the homes but also provides durability and sustainability.
Sustainability and Energy Efficiency
A significant trend in home construction is the focus on energy efficiency and sustainability. This trend is evident in 37128, where builders incorporate sustainable materials like reclaimed and recycled wood, steel, and other eco-friendly resources. Energy efficiency is a top priority, with features such as solar panels and energy-efficient lighting becoming more common. This focus on green building aligns with the broader industry trend towards sustainability and energy-efficient homes.
Innovations in Building Techniques
The construction industry is also embracing new technologies and methods to improve efficiency and reduce costs. Innovations like 3D printed homes are on the rise, offering less waste, more design freedom, and top efficiency. Such advancements in building techniques contribute to creating homes that are not only aesthetically pleasing but also environmentally responsible and cost-effective.
In conclusion, the 37128 ZIP code area in Murfreesboro, TN, offers a diverse range of property sizes and innovative construction trends. From spacious lots to sustainable and energy-efficient homes, the area caters to a wide range of preferences and requirements, making it an attractive option for those seeking a new home.
Tax Talk: Property Taxes and County Assessments in 37128
Property Tax Rates in Murfreesboro
For homeowners in Murfreesboro's 37128 area, understanding property taxes is key to financial planning. The property tax rate for the City of Murfreesboro in 2023 is $0.9526 per $100 of assessed value. This rate is an important factor for potential homeowners to consider when budgeting for their yearly expenses.
Investing in 37128: Long-Term Prospects and Market Predictions
Current Market Trends
As of late 2023, the Murfreesboro housing market is somewhat competitive, with homes receiving an average of one offer and selling in around 47 days. The median sale price for a home in Murfreesboro has seen a slight decline, standing at $400K, a decrease of 2.5% from the previous year. Similarly, the median sale price per square foot is now $206, down by 3.3% since last year.
Market Competitiveness and Sales Trends
Murfreesboro's real estate market competitiveness is reflected in its Redfin Compete Score™, indicating that some homes receive multiple offers and the average home sells for about 1% below the list price. The most in-demand homes, referred to as "hot homes," can sell for around the list price and go pending in as little as 18 days.
Migration and Relocation Trends
Interestingly, from August to October 2023, 77% of Murfreesboro homebuyers looked to stay within the metropolitan area, while 23% searched to move out of Murfreesboro. This internal migration trend highlights the area's attractiveness to its current residents. Additionally, Murfreesboro is drawing attention from homebuyers from across the nation, including major metros like Los Angeles, Chicago, and San Francisco.
Summary of the Murfreesboro, TN 37128 Real Estate Market
In conclusion, Murfreesboro's 37128 ZIP code offers a diverse real estate landscape, appealing to a wide range of buyers. From modern homes with an array of amenities and styles to competitive property values influenced by location and features, this area is a promising destination for homeowners. With top-rated schools, expansive parks, and a vibrant community life, it stands out as a desirable location. The current market trends, combined with the area's growing appeal, suggest a stable and potentially lucrative investment opportunity for those looking to buy or invest in property in Murfreesboro, TN.